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Can the trust hold title to my homestead?

by | Nov 8, 2011 | Estate Planning |

The Florida Bar states: “In some situations your homestead property can be transferred to your trust. Most Florida counties have special requirements to maintain the homestead tax exemption and special language may be required in the trust agreement and the deed. However, homestead property may lose its exemption from creditors when title is held in a revocable trust—the bankruptcy law on this point is unsettled. Your attorney can advise you on whether placing your homestead in your trust is appropriate, and if so, the requirements for a valid transfer.” If you have questions regarding this or any other estate planning issue please feel free to contact me at (904)366-2703 or by email at [email protected]