Does a Florida Land Trust Provide Asset Protection?
By Phil Rarick, Weston Trust Attorney, and Jasmine Benitez, Legal Assistant
Many real estate investors wrongly believe that a Florida Land Trust can offer asset protection. While this type of trust is known for providing privacy and simplifying estate planning, they do not provide comprehensive protection from creditors or legal claims. A better option is often a multi-member Florida limited liability company with a strong operating agreement that takes advantage of Florida’s anti-Olmstead law.