Florida Asset Protection - OJ Simpson

Florida Asset Protection Law are illustrated by this article and the reason that OJ Simpson moved his residence to Florida. As a Florida resident he obtained creditor protection by owning a homestead within Florida. Also annuities and pensions are not subject to claims. So despite the tens of millions that he owes the Goldman family for having been found responsible in the death of Ron Goldman he has not paid anything because he has lived off his NFL pension.

He is not taking a fee for his public appearance or autographs because while he has protected his assets and will not pay anything for his judgement living in Florida based on the pension and his house is not subject to attachment but future earnings are subject to the judgment. Since he has the $4m pension and does not want to make any payments to the goldman's he has intentionally not made any additional money. Florida law is one of the most generous states for debtors though.

Other people have chosen Florida to live because an unlimited value of their homestead can be held as well as pensions and annuities that are generally not subject to creditor claims. (Mechanics liens on a home and the IRS being potential exceptions) which is far more generous to debtors than other states.

Comics show plans rare O.J. Simpson appearance
By Steve Gorman LOS ANGELES (Reuters) - O.J. Simpson plans to sign autographs and pose for pictures at a Halloween-themed comic book convention in a rare public appearance coinciding with the 10th anniversary of his acquittal on murder charges, a promoter of the event said on Friday. Simpson agreed to show up at the NecroComicon show in Los Angeles for three days, starting on Friday night, as a favor to an unspecified friend who was paid in advance to arrange for the weekend appearance, according to the promoter, Tom Riccio.Riccio said Simpson, who now lives in Florida, was "not getting a penny" for his visit, but was using the event as a possible trial run for future public appearances that he would make "in exchange for donations to his kids' college fund.""A lot of promoters are watching this to see how it goes, and we're going to take it from there," Riccio said.Riccio said he would charge $95 for photos and T-shirts signed by Simpson, and $125 for autographed football jerseys and helmets. Riccio said he would keep whatever is left of the proceeds after paying for various expenses, including Simpson's travel costs.On Sunday, Simpson will be joined at the event by his old friend and former football teammate Al Cowlings, who famously drove his buddy around Los Angeles in a white Ford Bronco during the televised slow-speed police pursuit that ended with Simpson's arrest at his home on murder charges.Cowlings is being paid separately by NecroComicon promoters.It was 10 years ago on Monday that a California jury found Simpson not guilty of murder in the June 1994 slashing and stabbing deaths of his ex-wife, Nicole Brown Simpson, and her friend, Ronald Goldman.A civil court jury in February of 1997 found Simpson liable for the deaths and ordered him to pay $33.5 million in damages to the families of the victims.Lawyers for Goldman's parents have said they would attempt to garnish any of Simpson's future earnings to satisfy the judgment, which he has vowed never to pay.But Riccio said he "was told that even the victims' (families) don't mind (Simpson's) kids going to college.Simpson lives off a $4 million National Football League pension that is exempt from civil court judgments, and the house he lives in cannot be seized to pay such a debt.Neither lawyers for Goldman's parents nor Simpson could be reached immediately for comment.