FLORIDA ASSET PROTECTION
Asset protection laws are different in each state. Florida's asset protection laws are among the most liberal, debtor-friendly laws in the country. Florida's asset protections laws apply primarily to citizens of Florida and those who own real property in Florida. Other pages in this website explain some of Florida's most important asset protection laws.
A Florida resident is entitled to the protection of Florida's liberal asset protect laws. Some Florida residents own assets located in other states as well as in the State of Florida. Generally, the asset protect laws covering personal property (such as financial accounts and vehicles) is the law of the state where the individual resides. A Florida resident's personal property is covered by Florida's favorable asset protections laws regardless of where the accounts and assets are held.
The asset protection laws covering real property, such as homestead and investment real estate, is the law of the state where the real property is located. If a Florida resident's real property is located in another state, then the asset protection laws of that state apply to the real property.
