homestead


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Related to homestead: Homestead Act

homestead

The dwelling house and adjoining land forming the permanent residence of the head of household.Under modern law,a person's homestead is given a very specific definition within each state's statutes and is then granted protections from creditors and against excessive real estate taxes. The term homestead may also apply to the rights granted to a widow or widower to use real property for their remaining lives if they elect to take advantage of homestead laws rather than provisions made in a will.The protections may be unlimited, only up to a certain dollar value of equity, or limited in area. Each state's laws are different, and homestead may be defined differently in the various statutes within a state.

References in periodicals archive ?
The Florida Constitution should not reward criminal activity nor fraud on creditors by allowing a resident to take money obtained by crime or allowing a resident to use nonexempt assets which creditors have the right to take and convert those into a homestead which is exempt from the claims of the state and creditors.
817(2) provides that homestead property is exempt from the apportionment of taxes if the property passes to a person to whom inures the decedent's exemption from forced sale.
The coveted ingredients were flown in fresh and delivered by armored car to a synchronized cavalcade of ten uniformed chefs who grinded, chopped, and basted the beef to be "cooked up" by former executive chef for Donald Trump, Joseph Isidori who was hired ("not fired") to oversee the preparation of this most indulgent approach of the classic burger, exclusively available at the Tony Chi-designed Old Homestead at the Boca Raton Resort & Club.
1) a homestead, if located outside a municipality, to the extent of 160 acres of contiguous land and improvements thereon, which shall not be reduced without the owner's consent by reason of subsequent inclusion in a municipality; or if located within a municipality, to the extent of one-half acre of contiguous land, upon which the exemption shall be limited to the residence of the owner or the owner's family.
Homestead Technologies provides small businesses with the fastest, easiest way to get a professionally designed website at an affordable price.
Before a debtor can be confident that the homestead will survive attack by creditors, he or she must be sure that the residence satisfies applicable acreage requirements, be recognized as a homestead, and be titled properly.
The Pump House is the last remaining building from the Homestead steel works that was built in the post-Civil War era, became a top producer of American steel, and was the scene of the famous July 6, 1892 Battle of Homestead between union steelworkers and Pinkerton guards hired by Pittsburgh steel barons Andrew Carnegie and Henry Frick.
Homestead also created a web site feature, in the form of a drag-and-drop icon that subscribers could place on their sites to accept direct donations to the Foundation from their own customers.
Homestead Technologies will offer online workshops to SBDC counselors that will provide them with the skills, tools and technology that they'll use to teach their clients, using SiteBuilder(TM), Homestead's easy-to-use website creation software.
That same year, over 42,000 Floridians successfully transferred approximately $3 billion in homestead differentials.
To make homesteading work more effectively, we can design homestead communities with the intention of making them more profitable and less isolated.