Legal Question in Real Estate Law in Florida

Re: deeds

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You will need to execute a Deed from you in that person's favor. This is a serious step, however, and can have serious repercussions including the loss of at least a portion of your homestead status and the resulting tax break from the 3% cap on yearly increases of real property tax valuations. Like all major legal decisions, you should review this matter with an attorney before doing this to avoid possibly making a very costly mistake. Once the damage is done, it can not be undone at a later date.

Scott R. Jay, Esq.