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About MMJ Law
We work closely with our clients to identify the best solutions for their estate planning and protection needs. This includes trusts and wills, asset protection trusts, and much more. Our advanced asset protection structures work to reduce your risks while enhancing the opportunities you have to make wise decisions for your assets. With years of experience in crafting highly protective estate plans, including those that respond well even under the growing litigious country we live in, you can depend on MMJ Law to be there for each one of your needs.
We also provide full probate and probate administration solutions, including litigation. If you need help with Medicaid assistance, VA aid and benefits, or other needs, reach out to us immediately for guidance.
Learn more about how MMJ Law can provide you with legal support for estate planning, asset protection, and wills. Contact our estate planning attorney serving all of Arizona and the Greater Tampa, Vero Beach, and Sarasota, Florida, areas.
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At MMJ Law in Tampa, we often help clients strategically safeguard their real estate and investment assets through the combined use of limited liability companies (LLCs) and trusts . Whether you’re a seasoned investor or just starting to build wealth, protecting what you’ve worked hard to accumulate is essential. LLCs and trusts offer powerful, complementary tools to manage risk, avoid probate, and ensure your legacy is passed on according to your wishes. Our Tampa Real Estate Attorneys are here to protect your interests. Why Asset Protection Matters Without proper planning, your real estate and investment portfolios could be exposed to lawsuits, creditors, or a lengthy and costly probate process. If you own rental properties or maintain a significant brokerage account, a single lawsuit or legal misstep could jeopardize your financial future. Asset protection strategies involving LLCs and trusts are designed to reduce that risk while offering flexibility and control. The Role of LLCs in Asset Protection An LLC is a legal entity that separates your personal assets from those of your business or investment. If you own real estate—such as rental homes, vacation properties, or commercial buildings—placing each property in a separate LLC can shield your personal wealth from liability arising out of that property. For example, if a tenant sues due to an injury on the premises, only the assets of that specific LLC are at risk, not your personal savings or other investments. LLCs also work well for investment portfolios, especially when multiple members are involved or when used in family investment structures. They can provide centralized management, reduce tax liability, and support long-term succession planning. The Power of Trusts in Estate Planning A trust is a legal arrangement that holds and manages assets for the benefit of beneficiaries. When structured properly, trusts can bypass probate, maintain privacy, and offer robust control over how and when assets are distributed. For example, placing your LLC ownership interests into a revocable living trust allows your real estate and investment portfolio to be transferred smoothly upon death, without the delays or expenses of probate court. Alternatively, using irrevocable trusts can remove assets from your taxable estate and provide additional protection from creditors or lawsuits. Trusts can also include provisions to protect beneficiaries from poor financial decision-making, divorce, or other risks—making them ideal for families concerned about long-term financial stewardship. Combining LLCs and Trusts for Maximum Protection LLCs and trusts are even more powerful when used together. You can hold your real estate or investment accounts in an LLC and then transfer ownership of the LLC itself into a trust. This layered approach provides operational and legal protection during your lifetime, while ensuring efficient and private asset distribution upon your death. Seek Legal Assistance Today At MMJ Law , our Florida estate planning attorneys specialize in helping Tampa-area clients protect their assets using customized legal structures tailored to their financial goals. If you own real estate or maintain an investment portfolio, now is the time to make sure it’s protected. Contact our team today to learn how LLCs and trusts can work together to secure your future and your family’s legacy.
When most people hear the term "estate planning," they think it's something only the wealthy or retired need to worry about. But the truth is, your 30s are one of the most important times to put a solid estate plan in place. Whether you're starting a family, growing your career, or investing in assets like a home or retirement account, having a plan ensures you're protecting yourself and your loved ones, no matter your net worth. Our Tampa Estate Planning Attorneys at MMJ Law are here to help with your estate planning needs. Why Estate Planning Matters in Your 30s 1. You Probably Have More Assets Than You Think By your 30s, you may have a 401(k), an IRA, a home, or even equity in a business. These are valuable assets that should be addressed in your estate plan. Without clear instructions, these assets may go through probate or end up in the wrong hands. 2. Life Can Change Quickly Marriage, children, homeownership, or even starting a business—these are common milestones in your 30s. Estate planning helps you prepare for the unexpected and allows you to update your plan as life evolves. 3. It's Not Just About Death—It's About Incapacity Too If you're temporarily or permanently unable to make decisions due to illness or injury, who will manage your finances or make medical choices on your behalf? Creating a durable power of attorney and healthcare surrogate designation ensures that someone you trust can step in when needed. Key Documents Every 30-Something Should Consider Last Will and Testament A will names a personal representative to manage your estate and distribute your assets. It can also nominate a guardian for minor children—a crucial step for young parents. Revocable Living Trust For those with more complex assets or privacy concerns, a living trust can be a smart alternative to a will. It allows your estate to avoid probate and gives you more control over how your assets are distributed. Durable Power of Attorney This allows someone you trust to handle financial and legal matters if you're incapacitated. Healthcare Surrogate and Living Will These documents specify who can make medical decisions on your behalf and outline your preferences for end-of-life care. Beneficiary Designations Accounts like life insurance, retirement plans, and bank accounts often pass outside of a will. Make sure your beneficiary designations are current and aligned with your overall plan. Estate Planning Isn't One-and-Done An effective estate plan should grow with you. We recommend reviewing your documents every few years or after major life events like marriage, divorce, the birth of a child, or a significant financial change. Start Smart with MMJ Law At MMJ Law, our Tampa estate planning lawyers will help young professionals create thoughtful estate plans that protect their growing assets, loved ones, and future goals. You don't have to be a millionaire or nearing retirement to plan ahead. In fact, the earlier you start, the more control you have—and the more peace of mind you'll gain. Contact us today to schedule a consultation and take the first step toward securing your future.
Florida business owners face significant risks when it comes to asset protection. From lawsuits to creditor claims, unforeseen circumstances can jeopardize hard-earned wealth. One powerful legal tool to safeguard assets is the Asset Management Limited Partnership (AMLP) . This structure provides a robust layer of protection against personal and business liabilities while offering estate and tax planning flexibility. Our Tampa asset protection attorneys from MMJ Law are here to help. What Is an Asset Management Limited Partnership (AMLP)? An AMLP is a type of limited partnership (LP) designed to protect assets from creditors and legal claims. It consists of: ● General Partners (GPs) – These individuals or entities manage the AMLP and have unlimited liability. Typically, a business owner controls this role through a corporate entity to limit personal exposure. ● Limited Partners (LPs) – These partners contribute capital but do not participate in management, limiting their liability to their investment in the partnership . By strategically structuring an AMLP, Florida business owners can shield their assets from personal and business creditors while maintaining control over their investments. Key Benefits of AMLPs for Asset Protection 1. Protection from Lawsuits and Creditors ● In Florida, creditors cannot seize an AMLP’s assets outright. Instead, they can only obtain a charging order , which allows them to collect distributions (if any are made) but does not grant control over the partnership. ● This discourages lawsuits and provides leverage to negotiate settlements on favorable terms. 2. Estate and Succession Planning ● AMLPs facilitate seamless wealth transfer by allowing limited partnership interests to be gifted to heirs or placed into a trust. ● Business owners can retain control as general partners while gradually transferring ownership to family members or successors. 3. Tax Efficiency ● Florida has no state income tax, and an AMLP allows for pass-through taxation, meaning profits and losses flow directly to partners without being taxed at the entity level. ● Business owners can also take advantage of valuation discounts, which reduce estate and gift tax liabilities when transferring partnership interests. 4. Separation of Risky and Safe Assets ● AMLPs allow business owners to segregate high-risk assets (e.g., real estate, equipment) from low-risk assets (e.g., cash, securities, intellectual property). ● This ensures that liability from one asset does not expose the entire estate to legal threats. How to Set Up an AMLP in Florida Creating an AMLP requires careful planning and adherence to Florida laws. The process typically includes: 1. Choosing a General Partner – Business owners often use a limited liability company (LLC) or trust to serve as the general partner, minimizing liability exposure. 2. Drafting a Limited Partnership Agreement – This document outlines control, profit distribution, and succession plans to ensure smooth operation and legal compliance. 3. Registering with the Florida Department of State – AMLPs must file the necessary documentation and adhere to Florida partnership laws. 4. Funding the Partnership – Assets such as real estate, business interests, or investments can be transferred into the AMLP. 5. Ongoing Compliance – Business owners must maintain proper records, file annual reports, and follow legal formalities to ensure the AMLP remains protected. Is an AMLP Right for You? Florida business owners with significant assets, high-risk professions, or concerns about future lawsuits should consider an AMLP as part of their comprehensive asset protection strategy. Consulting with an experienced Florida estate planning and asset protection attorney can ensure that your AMLP is properly structured and aligned with your financial goals. Final Thoughts An AMLP is a powerful legal tool that can shield Florida business owners from creditors, lawsuits, and excessive taxation while ensuring long-term wealth preservation. By implementing the right legal protections, business owners can safeguard their assets and secure their financial legacy. If you’re interested in setting up an AMLP or exploring other asset protection strategies, contact MMJ Law to speak with a Tampa asset protection lawyer for expert guidance.
