In Florida your primary residence may be protected from some creditors both during your life and upon your death so long as the property qualifies as homestead real property under Florida law and in the event of death, it is devised to a person to whom the homestead creditor protection will inure. While a lay person’s definition of homestead may be simple, the Florida definition of homestead and the legal ramifications of a property being labeled as homestead in Florida both during your life and upon your death are complex. I have attached links to a couple of articles from the Florida Bar Journal that do a pretty good job of explaining Florida’s homestead laws and some of the legal ramification of property being labeled as homestead in Florida. If you would like to discuss these articles with me, please feel free to give me a call at (352) 365-2262.
Bar Journal Article
Bar Journal Article
Bar Journal Article