Legal Question in Civil Litigation in Florida

What is the simplest way to protect your assets if you are being sued? Transfer ownership to a single member LLC in Florida? Sell assets and pay taxes on the sale? Any direction will be appreciated.


Asked on 7/12/12, 9:53 am

1 Answer from Attorneys
R. Jason de Groot R. Jason de Groot, P.A.

Each of the methods you mention could be the subject of a fraudulent conveyance lawsuit. I think the best way to protect assets is to perhaps convert them to exempt assets if they are not exempt. If you do not have a homestead, you can claim up to $4000 of personal property as being exempt, and other exemptions can be found within F.S. chapter 222

Read more
Answered on 7/12/12, 10:21 am


Related Questions & Answers

More General Civil Litigation questions and answers in Florida