QUESTION
How can I protect my inheritance from creditors?
Asked on Aug 24th, 2011 on Estate Planning - Georgia
More details to this question:
I have 100% equity in my home through and inheritance. I want to protect it from creditors so I can leave it to my children someday, which is best? A trust? an LLC? or a Limited Family Partnership? I don't have any real money or assets other than the home.
2 ANSWERS
Trusts and Estates Attorney serving Jacksonville, FL
Partner at
Law Office of David M. Goldman PLLC
3 Awards
If you are living in the home, the best way is with the Florida homestead.
Answered on Aug 26th, 2011 at 8:41 AM
Glen Edward Ashman
A lawyer would need extensive information to decide. Note that any means that does this will impair your ability to make decisions about, or sell, your own property, and some will have drawbacks.
Answered on Aug 25th, 2011 at 11:13 AM