Probate: Is Homestead Property A Probate Asset

Preparing for Probate: Is Homestead Property A Probate Asset? The answer is “yes” and “no” If a homestead property is established and meets Florida eligibility requirements, the property can be distributed to the beneficiaries of the decedent free of creditor’s claims.  If the property still has a mortgage, owes money for repairs or homeowners association liens, the homestead protection does not apply in full and those creditors can seek to reclaim that debt.   If an Enhanced Life Estate Deed or...