On Fox’s Tax Controversy Sentinel blog, partner Charles Bender recently examined a Florida case involving the state’s Homestead Exemption. The Exemption allows for a reduction in local real estate taxes and also provides that the homestead is exempt from claims of creditors of Florida residents. In the Circuit Court for Palm Beach County case Ramos v. Motamed, a creditor sought to enforce a judgment against a debtor by challenging his change of domicile to Florida and his use of the Exemption to protect his luxury condominium from creditors. Though the debtor took the usual official steps to establish residency in Florida, at trial the plaintiff presented a crucial exhibit to the contrary.
To read Charles’ full piece and learn the case’s outcome, please visit the Tax Controversy Sentinel blog.