Compare Mortgage Quotes

genie11 · Joined: 14 Nov 2010 Posts: 1 1.28 Dollars($)

I have a duplex and rent 1 side. I only recieve a Homestead exemption on the half I live in. I live in Florida. If I do a" Lady Bird "deed to my daughter, will the entire property be exempt if I file bankruptcy? Or from creditors putting liens against it?
Thank you

jameshogg · Posted: Sun Nov 14, 2010 8:16 pm Post subject:

Hi genie,

Once you transfer the property to your daughter, she will become the owner of the property. However, you won't be able to file bankruptcy immediately. You will have to wait for at least a year in order to file bankruptcy. If you file bankruptcy before that then the property transfer will be considered as fraudulent.

Thanks

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

duplex/ Lady Bird Deed

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1