The Gibbs Law Office Is An Experienced Florida Real Estate Attorney With Extensive Knowledge of Land Trust Planning.
A Florida Land Trust May Be Ideal For Your Asset Protection Concerns?
A Florida Land Trust is formed by written agreement to enable someone or an entity to hold property on your behalf while you maintain operational control of the property. Commonly used by investors, a Florida Land Trust provides privacy because there is the public record primarily identifies your Trustee. Liens, judgments and other claims are not as easy to attach to property held in trust.
… and we often recommend a second layer of protection by making an LLC the beneficiary of the Florida Land Trust.
A Florida Land Trust can also avoid probate if, in the Trust, you name a beneficiary upon your death. If you have a Trust in your Estate Planning, you may name your Trust as beneficiary and therefore, it will be devised according to your estate plan.
A Land Trust can be helpful in avoiding or deterring lawsuits. It is fair to say that people and attorneys often seek to sue people who own non-homestead property and this real property often becomes an easy target in such suits. The presence of a layer of asset protection may “encourage” a creditor to accept a settlement from your insurance company rather than going after real estate they can’t find.
Contact us today to get started and find out how a Florida Land Trust can compliment your asset protection plan.
The Gibbs Law Office is a Florida estate planning law firm that provides complete Estate Planning, Business Planning, Asset Protection, Elder and Medicaid Planning, Real Estate, Probate and Trust Administration legal services throughout the greater Fort Myers, North Fort Myers, Cape Coral, Estero, Bonita Springs and Naples geographic areas and most legal services are available statewide in Florida.
The Gibbs Law Office was founded in January 2009 upon the commitment to provide client-centered legal services.