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Are any assets exempt from the creditors in Florida?

Mar 20, 2020

Paul S. Labiner

Paul Labiner

Managing
Partner

Yes. Florida law has generous provisions to keep certain assets safe from creditors. In general, there are six assets that are statutorily protected:

  1. Your homestead (up ½ acre in a city or municipality and 160 outside),
  2. Qualified retirement plans and IRA’s,
  3. Life insurance,
  4. Annuities,
  5. Wages,
  6. Property owned as Tenants by the Entirety.

All of these protections come with numerous caveats, and, of course, the assets in question cannot have been acquired through fraud. 

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