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Blog Posts in December, 2013

What are the legal requirements for creating a Will in Florida?

In Florida, to create a valid Will you, the testator, must execute a signed writing in front of two witnesses. When executing the Will, the testator must have testamentary capacity. This means that ...
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If I sell my home, how do I shelter the proceeds?

When you sell or refinance your homesteaded home, you should shelter the proceeds. You have options: One option is to use the proceeds from the sale or refinancing to buy another exempt asset. For ...
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If my home equity is now fully homestead protected, do I need more protection?

You may. Homestead protection can be illusory. For example, if you have a $300,000 home equity and a $300,000 homestead exemption, your home is now fully protected. But how well will your home be ...
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Does the homestead exemption protect against every creditor?

No. Some creditors can override homestead protection and claim your home equity. These creditors include the IRS and other federal agencies. If you owe federal taxes or are sued by the SEC or the EPA, ...
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Are there ways to maximize your homestead protection?

There are several interesting techniques to maximize your homestead protection. For example, if your $200,000 home has $50,000 homestead protection and a $100,000 mortgage, you have $50,000 equity ...
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The Presser Law Firm, P.A. - Asset Protection Attorney
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