”26 Similarly, in the more recent circumstance, quite a bit which had by no means been lived on was uncovered ineligible for homestead safety. In In re Estate of Ritter, 407 So. 2d 386 (Fla. 3d DCA 1981), a vacant great deal owned by the debtor and adjoining his homestead was discovered not to be Section of the debtor’s homestead residence. The court reasoned “[the good deal] at no time experienced any structures or enhancements crafted on it which served the home. . . and was in no way jointly fenced in While using the [home]. it had been merely a independent, empty good deal which served, at finest, as an excessive aspect property on the aforementioned home.”27
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Vol. seventy seven, No. one January 2003 Pg sixty Barry A. Nelson and Kevin E. Packman genuine assets, Probate and belief regulation In modern posts discussing high-profile company malfeasance and accounting scandals, using Florida’s limitless homestead exemption to stop creditors’ promises continues to be famous with issue.1 Often referring to it as a authorized loophole, detractors from the unlimited homestead exemption indicate the exemption permits debtors to divert substantial assets to the acquisition of new and extravagant properties which can be shielded from creditors less than Florida’s point out Structure.
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