Asset Protection

What types of insurance should I secure to protect my assets?

In our litigious society, all of us are potentially at risk of seizure of our assets due to various forms of liability. Liability for debts can arise due to accidents, malpractice, breach of a personal guarantee, and many other circumstances. Professionals like doctors, lawyers, and dentists, as well as business and property owners, are particularly vulnerable to potential liability. Fortunately, there are steps that we as Floridians can take to protect our assets.

Why should you include planning for long-term care in your estate planning?

Seniors are gradually becoming a larger proportion of the American population.  The U.S. Census Bureau predicts that this growth will become more and more rapid in the future. By the middle of the next century, it is estimated that there could be more people over 65 than people under 18. This means that planning not just for retirement, but for an extended lifespan is becoming increasingly necessary.

The Fox Business News show “Strange Inheritance” recently visited the offices of Verras Law, P.A. to meet with probate attorney Spiro J. Verras and his client Juan Carlos Saucedo-Campos, who inherited the estate of legendary autograph collector Jack Kuster, including over 35,000 celebrity autographs and 17,000 never-before-seen celebrity photographs.

Depending on where your heirs live, IRAs that designate them as beneficiaries may not be protected from their creditors.