A caller asked me today whether he and his wife can move to Florida and maintain two Florida homesteads, one for each spouse. The answer is that a husband and wife living separately can each protect unlimited amounts of money in their own Florida homestead. The caller said, when asked, that in fact he and his wife would continue to live together in one of the homesteads and also maintain joint financial assets. I explained that a creditor could easily establish that they were in fact living together in just one of the houses. In that event, the second house which neither of them occupied as their principal residence would have no homestead protection. If the second house were owned jointly it would still be protected from individual creditors of either spouse because it would be tenants by entireties property. The purchase of the second home could be challenged as a fraudulent transfer if the purchase money came from the debtor spouse because purchase of tenants by entireties property, unlike homestead, can be undone as a fraudulent transfer or conversion.