I am involved in a civil law suit in Florida although there is no judgement as it is a year away from trial. Can the course cover structuring a trust and which type of trust so I may purchase the property without the danger of losing it to creditors in the future? I will be living it out to my death and will pass to my niece who can be the trustee and or beneficiary.
Dennis, the problem here is that asset protection (to be effective) must be done IN ADVANCE of the wolf at the door. Most people wait until trouble starts and then think about protecting their assets. So, my first piece of advice is to get all your assets protect as quickly as possible! Once a law suit starts, a judge will assume every action you take is to avoid your creditors and he/she can reverse your actions.
Fortunately for you, Florida has an unlimited homestead exemption for the personal residence of Florida residents. The question is whether the judge will think that you bought this house (and perhaps dumped a lot of equity into it) just to avoid a judgment from your creditors (assuming you lose at trial). This remains to be seen. But, it should not stop you from trying…it is better than not trying.
Yes, my course will teach you how to set up a Florida Land Trust and provide the forms you need. You will also learn how to pass the interest on to your niece. Here is a link to my course: https://www.landtrustsmadesimple.com/shop/ltms/land-trusts-made-simple-basic-home-study/
Feel free to call me anytime if you want to talk. 217-355-1281
Mr. Land Trust