Need For Florida Asset Protection
Asset protection is a process of insulating your estate assets against attack by creditors and plaintiff's attorneys. In the United States there are more than one million lawyers, each with a license to file lawsuits against deep-pocket defendants by paying court filing fees of $150 or less. Too often, decisions by judges or juries are based more on emotion than on facts or the law, and frequently the result is a catastrophic damage award that wipes out a lifetime of hard work and investment. A well-designed asset protection plan builds a protective fort around the client's estate and guards family wealth from external creditor attack and frivolous lawsuits. The most effective asset protection fortress contains multiple layers of protection, so that even if they can defeat one device, there are other defenses around the family's nest egg. Asset protection is, therefore, an essential fundamental building block of financial planning.
