Yes. Florida law has generous provisions to keep certain assets safe from creditors. In general, there are six assets that are statutorily protected:
- Your homestead (up ½ acre in a city or municipality and 160 outside),
- Qualified retirement plans and IRA’s,
- Life insurance,
- Annuities,
- Wages,
- 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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