One of the top reasons for moving to Florida, aside from the year-round sunny weather and the multitude of exciting things to do, is the homestead protection afforded to Florida residents. Article X, §4(a) of the Florida Constitution protects Florida homestead property from levy and execution by an owner’s creditors during the owner’s lifetime. Under… Continue Reading
Mildred Gomez
Florida Residency Required for Homestead Protection
Posted in Foreign Investment & Tax Expiration of the Current Estate Tax Exemption Amount
Posted in Foreign Investment & Tax Under current governing law, every individual has a $5,120,000 lifetime gift tax exemption, which amounts to a $10,240,000 combined lifetime exemption for married couples. But the current lifetime gift tax exemption amount is scheduled to revert back to $1,000,000 in 2013. That makes the remaining months of 2012 a prime time for Miami residents to… Continue Reading