Estate Planning and Homestead (FL) | Practical Law

Estate Planning and Homestead (FL) | Practical Law

A Practice Note discussing estate planning with homestead property in Florida. This Note addresses what constitutes homestead property, the effect of various forms of ownership on homestead status, the restrictions on descent and devise associated with homestead property, and the property tax and creditor protection benefits afforded to homestead property. This Note also discusses incorporating homestead property into an estate plan without compromising the benefits to the property and without overlooking the legal restrictions on the property.

Estate Planning and Homestead (FL)

Practical Law Practice Note w-001-4328 (Approx. 36 pages)

Estate Planning and Homestead (FL)

by Practical Law Trusts & Estates
MaintainedFlorida
A Practice Note discussing estate planning with homestead property in Florida. This Note addresses what constitutes homestead property, the effect of various forms of ownership on homestead status, the restrictions on descent and devise associated with homestead property, and the property tax and creditor protection benefits afforded to homestead property. This Note also discusses incorporating homestead property into an estate plan without compromising the benefits to the property and without overlooking the legal restrictions on the property.