Asset Protection in Florida: Annuities

While Florida has been described as a “debtors haven”, that’s not necessarily a bad thing.  Palm Beach estate planning attorneys LOVE Florida’s laws protecting your property from others.  Most creditors can’t get your Florida Homestead, regardless of whether it’s a small condo in Jupiter, Florida or a mansion on the ocean in Boca Raton.  Florida law gives its residents a lot of protections to keep their property and not lose it in a Palm Beach lawsuit.  If you want to protect some of your property, ask a Palm Beach wills and trust lawyer to  help you. Until then, consider a very recent Florida Appeals case about how your annuities are protected.

Florida Statute Exempts Annuities If You Are a Beneficiary

• Section 222.14 of Florida Statutes exempts a beneficiary’s interest in an annuity.
• Exempt it from what?  typically losing it in a lawsuit (from garnishment or levy)

Q:  Are Florida Annuities Bulletproof  ?

A:  Should I put all my money in annuities to protect my $$$ ?

Ask your Palm Beach estate planning attorney.  Our firm only administers estates and trusts in Palm Beach, Broward, Miami-Dade and Martin Counties, as well as select cities across Florida.   We also litigate probate cases.   You need to find a good Palm Beach estate lawyer who writes wills and trusts and who can plan your estate.  She or he can advise you on asset protection in Florida.