Court Says a Temporary Trailer Qualifies for Homestead Protection

People facing a civil judgment often try to protect non-exempt cash by investing it in a Florida homestead. Some debtors seek advantage of the unlimited value of Florida’s Constitutional homestead exemption by buying a new, expensive parcel of raw land and immediately converting the new property to a protected homestead….

Homestead Protection Can Apply When Family Member Lives in the Home

The Florida Constitution protects a person’s homestead from forced levy or sale by judgment creditors. The protection applies if the home is occupied by either the judgment debtor or the debtor’s family. In other words, a judgment debtor can exempt from forced sale any residence in Florida in which a…

Customer Agreement Can Prevent Tenants by Entireties Ownership for Bank Account

Bank accounts owned by a married couple are protected from the creditors of either spouse if the account is owned as tenants by the entireties. When a married couple opens a new bank account, they can choose (usually on their signature card) how they want to title the account. Some…