Legal Question in Real Estate Law in Florida

fl. homestead

If I come into a ''windfall''of $100,000. can I purchase a house

an be exempt from a judgement

creditor? I currently have judgments

and rent a house.I am married.

Please advise...Thanks


Asked on 2/23/09, 2:32 pm

1 Answer from Attorneys
Frank J. Pyle Probate Attorney Throughout Florida

Re: fl. homestead

In Florida a person's homestead is almost always exempt from creditors of the owner. If you move out and it is no longer your home, it loses that protection. Also, any real property in Florida which you and your wife take title to as "tenants by the entirety" is exempt from YOUR creditors and HER creditors - meaning that they would have to obtain a judgment against BOTH of you to have a lien on that property.

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Answered on 2/24/09, 9:26 am


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