Legal Question in Real Estate Law in Florida

I live in my mother's home and lived here for seven years now. I pay the taxes on home. My mom lives in another state and wants to put my name on the deed so that I can apply for homestead exemption. I was discharged of my debts last year. I want to know if I am on the deed will it affect the bankruptcy in any way or vis versa. I don't want any problems for me or my mom. thank you


Asked on 1/03/13, 9:17 am

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

You really need to discuss this with bankruptcy counsel. Putting your name on property only allows you to have 50% homestead exemption if it is owned jointly since it is not her homestead. There are also tax implications to the transfer of the property to you which could impact your mother. You really need to discuss the matter with a real estate attorney to make sure there are no unintended consequences.

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Answered on 1/03/13, 9:27 am


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