Homestead Exemption
Florida’s homestead exemption shields a primary residence from potential creditor claims following the homeowner’s death. This exemption is designed to provide essential protection for surviving family members. It ensures they can maintain their home. This way, they can avoid the risk of losing it to satisfy outstanding debts or claims.
One vital aspect of the homestead exemption is that it applies specifically to a primary residence. It must be the homeowner’s primary place of residence and cannot be a secondary or investment property. Additionally, there are limitations on the size of the property that qualifies for the exemption.
The Estate Plan
135 San Lorenzo Ave Suite #750
Coral Gables, FL 33146