Category: Asset Protection

Florida is one of only a handful of states where a Medicaid applicant’s primary residence is protected from the nursing home. Florida protects an individual’s primary residence (homestead) from the nursing home if the home equity of the homestead is less than $713,000 (2024). Most states are not as generous as Florida and either do […]

The Medicaid five-year look-back period is the timeframe in which Medicaid will look back to see when improper asset transfers were made. The look-back period nationwide for Medicaid is five years (60 months). Once a Medicaid application is submitted here in Florida, Medicaid will look back at the five previous years to see if any […]

Florida is often called a debtor’s haven. One of the biggest reasons Florida has a reputation for being a debtor’s haven is because of the homestead protection. Homestead is the number one creditor-protected asset in Florida, and Florida offers unlimited homestead protection against the vast majority of creditors.  Homestead protection against creditors is written into […]

Florida has arguably some of the best laws in the country when it comes to protecting your assets from creditors. Some of these asset protection laws are found in the Florida statutes (statutory law) and some are derived from Florida’s judicial precedence or customs (common law). In fact, Florida has an entire statutory chapter—Chapter 222—that […]