My question involves court procedures for the state of: Florida
I posted the following http://ift.tt/1XTEbAt and received good feedbacks. I just got new information and wish to share with you.
SECTION 4. Homestead; exemptions.—
(a) There shall be exempt from forced sale under process of any court, and no judgment, decree or execution shall be a lien thereon, except for the payment of taxes and assessments thereon, obligations contracted for the purchase, improvement or repair thereof, or obligations contracted for house, field or other labor performed on the realty, the following property owned by a natural person:
(1) a homestead, if located outside a municipality, to the extent of one hundred sixty acres of contiguous land and improvements thereon, which shall not be reduced without the owner’s consent by reason of subsequent inclusion in a municipality; or if located within a municipality, to the extent of one-half acre of contiguous land, upon which the exemption shall be limited to the residence of the owner or the owner’s family;
Also, I just read about Willis v. Red Reef, Inc.
It seems to me that I can use any of my money (including the money which is otherwise non-exempt; except the money that was obtained by fraud
or by breach of a fiduciary duty) to upgrade my house without any worry of fraudulent transfer.
I request your feedback.
I posted the following http://ift.tt/1XTEbAt and received good feedbacks. I just got new information and wish to share with you.
SECTION 4. Homestead; exemptions.—
(a) There shall be exempt from forced sale under process of any court, and no judgment, decree or execution shall be a lien thereon, except for the payment of taxes and assessments thereon, obligations contracted for the purchase, improvement or repair thereof, or obligations contracted for house, field or other labor performed on the realty, the following property owned by a natural person:
(1) a homestead, if located outside a municipality, to the extent of one hundred sixty acres of contiguous land and improvements thereon, which shall not be reduced without the owner’s consent by reason of subsequent inclusion in a municipality; or if located within a municipality, to the extent of one-half acre of contiguous land, upon which the exemption shall be limited to the residence of the owner or the owner’s family;
Also, I just read about Willis v. Red Reef, Inc.
It seems to me that I can use any of my money (including the money which is otherwise non-exempt; except the money that was obtained by fraud
or by breach of a fiduciary duty) to upgrade my house without any worry of fraudulent transfer.
I request your feedback.
Exemptions: Spending Money on Home Improvements when You Are Being Sued (Continuation)
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