The term “asset protection” has many connotations. For most people it means shielding assets from claims of creditors. Because we live in a very litigious society, it’s probably wise to consider creating a minimum level of wealth that no one can take away from you.   There are essentially three different ways to protect assets:…

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Florida residents are eligible for free health care and nursing home services if they possess only limited resources. For Florida residents, non-exempt assets must be below $2,000 to qualify. Exempt assets include one’s home, personal belongings, household furnishings, an automobile, irrevocable burial trusts and certain income-producing real estate. Anyone who is incurring substantial health care…

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