Legal Question in Real Estate Law in New Jersey
homesteading
can a married couple legally establish seperately, a homestead in two different states such as wife in NJ and husband in FL, if so are there tax consequences
Thank you
Asked on 12/19/06, 4:24 pm
3 Answers from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: homesteading
Yes. I suggest your accountant provide you with tax advice.
Answered on 12/20/06, 5:56 pm
David Slater
David P. Slater, Esq.
Re: homesteading
Yes, if they can prove it and file taxes separately.
Answered on 12/19/06, 4:37 pm
Robert Davies
The Davies Law Firm, P.A.
Re: homesteading
yes they can, and yes there are. big and sometimes bad tax consequences.
if this couple has any significant assets, and especially if they are older, then they should consult a tax and estate planning attorney.
I do not do this kind of work. I have several friends who do.
Good luck to you.
Answered on 12/19/06, 4:37 pm
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