Blog Posts in October, 2013
Posted on Oct 28, 2013 By The Presser Law Firm, P.A.
It is very important to pass on with a plan in place. An estate plan can help you ID which family members and loved ones will receive your property after your death. It will ensure that your property ...
Continue reading "Why do I need an Estate Plan?" »
Posted on Oct 21, 2013 By The Presser Law Firm, P.A.
Yes. However, a judgment creditor can often force a debtor into involuntary bankruptcy within the 40 months to limit the homestead exemption to $146,450. This would then expose any additional equity. ...
Continue reading "If a home has a homestead exemption of more than $146,450; won't this exemption still apply if you don't file bankruptcy within 40 months?" »
Posted on Oct 14, 2013 By The Presser Law Firm, P.A.
Recent federal bankruptcy amendments limit the state homestead exemption to $146,450 if you purchased your residence within the 40 months preceding bankruptcy. You must also have lived in that state ...
Continue reading "Would bankruptcy alter my homestead protection?" »
Posted on Oct 7, 2013 By The Presser Law Firm, P.A.
The state homestead laws may partly or fully creditor protect the home's equity. Nine states totally homestead protect the home; however, most state homestead laws only partly creditor shield the ...
Continue reading "How protective are the homestead laws?" »