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Florida Homestead

Did you know that the Florida Constitution places restrictions on what you can do with your home during life and at death? Many people know about the ad valorem tax benefits of Florida homestead – such as the Save Our Homes appreciation cap and various tax deductions – as well as the creditor protection offered to Florida residents. But many do not realize that if you own your home in individual name, and you have a spouse and/or minor children, you cannot freely transfer or devise your homestead. Many people – and attorneys – experience unintended results by not fully understanding the complications of Florida homestead. Before you do anything with your home, consult a knowledgeable attorney.