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Real Estate
The Real Estate Adviser |
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August 8, 2002
Florida's mansions are protected from creditors
By TOM KELLY
The Real Estate Advisor
The Real Estate Advisor
Florida is not only a popular option for retirees and second home buyers, but it’s also a terrific place to have a home if the creditors are closing in - especially if you have a $15 million mansion complete with swimming pool, movie theatre and boathouse.
The Sunshine State’s homestead law is one of the more lenient in the country, allowing all assets tied up in a primary residence protection from unsecured creditors.
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