homestead law


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homestead law

n
(Law) (in the US and Canada) any of various laws conferring certain privileges on owners of homesteads

home′stead law`


n.
1. any law exempting homesteads from seizure or sale for debt.
2. any law making public lands available to settlers to be used as farms.
3. any of various state laws granting special property tax exemptions or other privileges to homesteaders.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.homestead law - a law conferring privileges on owners of homesteads
law - legal document setting forth rules governing a particular kind of activity; "there is a law against kidnapping"
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
References in periodicals archive ?
He subsequently filed a motion saying his assets were protected from Judge Rhodes' judgment because of Florida's homestead law, which protects state residents from having their homes forcibly sold to satisfy the collection of monetary judgments.
The law, called Designation of Homestead, is often confused with another homestead law in the state that allows property owners to claim a Homestead Tax Exemption.
3d DCA 1987), the court stated that the purpose of the homestead law is to promote the stability and welfare of the state by securing to the householder a home, so that the homeowner may live beyond the reach of financial misfortune.
She teaches wills and trusts and other estate planning and tax courses and has published articles involving various aspects of estate planning and homestead law.
In the absence of a valid devise, Florida homestead law provides that, if an individual dies owning a Florida residence titled in his name alone, and is survived by a spouse and lineal descendants, the surviving spouse takes a life estate, and the lineal descendants take a remainder interest, in the property.
The book analyzes the challenges trust and estate practitioners face, and discusses key issues such as homestead law, trustee concerns, and how to effectively navigate the probate process.
Every state but Delaware, New Jersey, Pennsylvania and Rhode Island has some type of homestead law," Ms.
The homestead law is part of the Florida constitution and trumps everything else, including state law and statutes.
One of the crucial arguments about homestead law bears a strong
16) Florida's homestead law extends beyond asset protection.
Florida's homestead laws have created a new trap for surviving spouses--the life estate that was designed to protect them has instead trapped them in homes they no longer want and can no longer afford.
Based on its analysis of the Florida homestead laws and BAPCPA [section] 522(m), the court concluded that in Florida, joint debtors should be able to "stack" their exemptions for a total of $250,000.