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Joint Tenancy & Homestead Exemption in FL

On Lawyer & Legal » Real Estate & Property Law

1,419 words with 2 Comments; publish: Sun, 05 Jun 2005 16:08:00 GMT; (8004,523.99, « »)

The state is: I live in Seminole County, Florida.

My girl friend and I desire to file a quit claim deed for joint tenancy. However, I'm not familiar with how a joint tenance (with rights to survivorship) effects Homestead Exemption in the State of Florida.

Does a change from 'sole ownership' to 'joint tenancy' effect either homestead tax exceptions, or homestead asset protection in the state of Florida?

Are there any other issues, I should be aware of?

Thanks in advance!

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  • 2 Comments
    • Quote:
      === Original Words ===

      What is the name of your state?I live in Seminole County, Florida.

      My girl friend and I desire to file a quit claim deed for joint tenancy. However, I'm not familiar with how a joint tenance (with rights to survivorship) effects Homestead Exemption in the State of Florida.

      Does a change from 'sole ownership' to 'joint tenancy' effect either homestead tax exceptions, or homestead asset protection in the state of Florida?

      Are there any other issues, I should be aware of?

      Thanks in advance!

      **A: yes, there are other issues. Consult a real estate attorney.
      #1; Mon, 06 Jun 2005 01:10:00 GMT
    • It occurred to me that I should mention that neither myself nor my girlfriend own any other residences (or real estate property, in general).

      Regards

      B. Abbott

      #2; Mon, 06 Jun 2005 05:37:00 GMT