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Vol. seventy seven, No. one January 2003 Pg sixty Barry A. Nelson and Kevin E. Packman genuine house, Probate and have faith in Law In modern article content talking about higher-profile company malfeasance and accounting scandals, the use of Florida’s endless homestead exemption to prevent creditors’ promises has actually been famous with issue.1 frequently referring to it to be a lawful loophole, detractors of the unrestricted homestead exemption indicate the exemption permits debtors to divert sizeable assets to the acquisition of recent and extravagant homes that may be shielded from creditors less than Florida’s point out Structure.
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this isn't idle speculation as an appellate court has tackled this pretty concern. The reasoning for This is often reviewed below underneath examination of several court choices. nonetheless Enable’s consider the statute which happens to be staying enforced before attending to the court docket Examination. The statute removes the Constitutional suitable to Florida Homestead exemption for:
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