Legal Question in Wills and Trusts in Florida

Living Trust - Lee County- homestead exemption

When setting up a living trust will I lose the homestead and/or the SOH tax (no more than 3% tax increase) benefit


Asked on 4/06/04, 4:04 pm

1 Answer from Attorneys
Douglas R. Coenson, Esq.

Re: Living Trust - Lee County- homestead exemption

If the house is set up under homestead and you want to benefit from homestead protection, you don't want to include the house in the living trust. I recommend you consult with an estate planning attorney in your area to go over the pros and cons of living trusts and other options you have.

Should you have any further questions, please feel free to contact me.

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Answered on 4/06/04, 8:53 pm


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