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Blog Posts in November, 2013

What happens if I die without a will?

Dying without a will means that you are dying "intestate." Your estate will be administered according to state law rather than your personal preferences. Florida State Law has an order of ...
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Can married couples apply their homestead exemption against the debts of only one spouse?

State laws do differ on who can claim the homestead protection. Several states give homestead protection only to the head of the household, but most states allow either spouse to claim homestead. This ...
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What procedural steps are necessary to claim homestead protection?

Most states impose procedural requirements for one to claim homestead protection. Usually, you must file a declaration of homestead in the public registry. Other states impose a residency period ...
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How do I calculate my exposed home equity?

Simply subtract your mortgage from your home's fair market value. A $300,000 home with a $150,000 mortgage has a $150,000 equity. If your state homestead law shelters $20,000, you have a $130,000 ...
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The Presser Law Firm, P.A. - Asset Protection Attorney
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