Fla. Admin. Code r. 12D-7.010 - Homestead Exemptions – Remainders

12D-7.010 Homestead Exemptions – Remainders.

(1) A future estate, whether vested or contingent, will not support a claim for homestead exemption during the continuance of a prior estate. (Aetna Insurance Co. v. La Gassee, 223 So.2d 727 (Fla. 1969)).

(2) If the remainderman is in possession of the property during a prior estate, he must be claiming such right to possession under the prior estate and not by virtue of his own title; it must be presumed that the right granted under the life estate is something less than real property and incapable of supporting a claim for homestead exemption.

Rulemaking Authority 195.027(1), 213.06(1) FS. Law Implemented 196.031, 196.041 FS. History–New 10-12-76, Formerly 12D-7.10.