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quit claim deed and homestead

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srobins6 Joined: 14 Sep 2009 Posts: 1 1.28 Dollars($)	Posted: Tue Sep 15, 2009 1:34 pm    Post subject: quit claim deed and homestead If my husband and I do a quit claim deed to also add my daugher to the deed will this affect our homestead exemtion. We live in the state of florida. also how will this affect our medicare eligibility after 5 years.
smithsussane Joined: 18 Sep 2008 Posts: 3738 Location: Alaska 561.45 Dollars($)	Posted: Tue Sep 15, 2009 8:00 pm    Post subject: Hi srobins! Welcome to forums! Well, as far as I know, if you add someone to the property deed, it normally does not change the Homestead Exemption. However, in certain situations, you may lose all or part of the protection which your property receives from the Save Our Homes (SOH) assessment limitation. This assessment cap helps you in keeping the assessed value of your property from rising more than 3% per year as long as you continue with your homestead exemption. If you lose this cap, your property taxes would increase. Feel free to ask if you've further queries. Sussane
srobins Guest	Posted: Tue Sep 15, 2009 8:48 pm    Post subject: homestead what will it do to our medicare eligiblity?

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