Legal Question in Credit and Debt Law in Florida
My sole means of income in retirement are my rental properties in Florida, the state in which I reside. I've heard that pensions are off limits to creditors. Would this include my rental properties since they're how I receive my retirement income?
Asked on 8/08/16, 1:01 pm
2 Answers from Attorneys
Barry Kaufman
The Law Office of Barry W. Kaufman
Probably not. A pension is a specific thing, a legal creation. Rental income is not a pension.
Answered on 8/08/16, 1:13 pm
David Slater
David P. Slater, Esq.
No, it is not exempt income.
Answered on 8/08/16, 2:12 pm