Archive for February, 2013

Protect a Florida Residence from Creditors (Part 3)

Category: Asset Protection, Estate Planning |

Finally, the third most common method of protecting a personal residence is to convey it to the individual’s spouse. This affords protection since the individual’s creditors generally cannot reach the spouse’s assets. This would offer the at-risk individual control in the overall entity (as General Partner) yet limit his or her exposure. To remove assets even Read More…

Protect a Florida Residence from Creditors (Part 2)

Category: Asset Protection, Estate Planning |

The second most common method of protecting the personal residence is by using the Florida Homestead Exemption. (Article X, Section 4, Constitution of the State of Florida). Within certain limitations as to the size of the property (1/2 acre of a municipal homestead or up to 160 acres of a non-municipal homestead), the personal residence Read More…

How to Guard Against Creditor Claims in Florida

Category: Asset Protection, Estate Planning |

Because of its climate and favorable taxation laws, Florida has become one of the most popular choices of domicile for new arrivals of the United States. One of the most important concerns that many wealthy immigrants face is the threat of their assets being lost in the event of a successful claim by the creditors.  Read More…

New Tax Laws May Make Trusts Unnecessary

Category: Taxation & Tax Litigation |

Thomas N. Silverman was recently quoted by the Palm Beach Daily News in an article about recently passed tax laws and their affect on trusts. Article Link on Palm Beach Daily News Website. By Gail Liberman Just 52 percent of American millionaires have established trusts and/or estate managers, according to a recent survey by PNC Wealth Management. Read More…

Managing Your Fortune: Family Banks

Category: Estate Planning |

Thomas N. Silverman was recently quoted by the Palm Beach Daily News in an article about preserving family wealth. Article Link on Palm Beach Daily News Website. By Gail Liberman Is Junior having problems getting a loan from a bank these days? The Jupiter-based GenSpring Family Offices suggests that your family consider forming its own “family Read More…

Thank you for contacting our firm. One of our associates will be in contact with you shortly. If the matter is urgent, please call our office directly at 561.775.7500 to speak with an attorney.