Legal Question in Tax Law in Florida

Homestead Exemption in Florida

Can a homeowner put his/her house

in ''trust'' and still get the

Homestead Exemptioin in the state

of Florida?


Asked on 6/25/07, 3:29 pm

1 Answer from Attorneys
Thomas Shigo The Shigo Law Firm, P.A.

Re: Homestead Exemption in Florida

Yes, a homeowner can place the the homestead residence in a revocable living trust (grantor trust) and maintain a valid homestead exemption. Qualified Personal Residence Trusts will also allow the owner to maintain a valid homestead exemption (at least for the initial term of the trust). In either case, there must be a valid homestead exemption to begin with.

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Answered on 6/26/07, 9:46 am


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