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HOMESTEAD (Homestead?
Yes (Minor?
No (Spouse?
No (Heirs?
Yes (Devised?…
HOMESTEAD
-
Qualifications
- Natural person
- Intend to make permanent
- Owner (possessory)
- Size (160/half/$1k)
Exceptions
- K obligations for purch/improve/repair (mtg)
- K obligations for labor (lien)
- Taxes & assessments on homestead
Terminates
- Death (but inures)
- Abandon
- Sale or transfer
Reinvest & don't comingle