Determining that a deceased person’s home was in Florida — and that it was his or her primary residence — can be a critical piece of estate administration in this state. The value of a person’s primary residence is protected through the homestead exemption spelled out in Florida laws. This means that creditors will not be able to seize this real estate to pay off debts of a deceased person. This is one of the benefits of a homestead exemption.
The processes associated with determining whether a Florida homestead exemption applies can be complicated for nonlawyers to deal with in most cases. Working with an experienced probate attorney is essential for most personal representatives (executors).
Korshak & Associates, P.A., is prepared to guide personal representatives through all the necessary steps associated with assuming possession and/or selling real estate after a death. For example, if the home is sold before an order determining homestead is obtained, the proceeds will need to be held in escrow until receipt of such an order.
Resolving the homestead question enables probate to move forward with full understanding of any tax liabilities or other encumbrances.
For Information About Homestead Protection And Estate Administration, Contact Our Attorneys
To speak with our central Florida lawyers about determining Florida homestead status, contact Korshak & Associates. Free parking is available at our Casselberry and Orlando law offices. To schedule a consultation, call 888-681-4389 . You may also contact us by email.
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