SENIORS, SOON TO BE SENIORS, RETIRING AND HOMESTEAD BENEFITS IN FLORIDA

Retiring? Planning for retiring? Retired already?
Where do you go and what are the benefits available to you?   Flagler County and Florida extend homestead benefits to seniors and widows in excess of the standard homesteading benefits.  In addition, Palm Coast, Flagler County offers a variety of types of homes, condos, town homes, gated communities, golf communities, homes on the water and salt water canals, boating, fishing, local airports, dining, beaches, lakes, many education programs, clubs and organizations geared just for you!

Let's first take a look at some of the benefits afforded to you through the homestead act... Every person who has legal or equitable title to real property in the State of Florida and who resides on the property on January 1 and in good faith makes it his or her permanent home is eligible for a $25,000 Homestead Exemption.Any widow or widower who is a bona fide Florida resident may claim $500 Widow's and Widower's Exemption.  Additional homestead exemption for persons 65 and older of up to $25,000 for any person who has the legal or equitable title to real estate is available, depending on the income of the household.
  These exemptions are available to every permanent resident (check the residency requirements) and superceded other Florida laws. These benefits have INCREASED, not decreased throughout the years.
  With the values of properties in Flagler County growing by leaps and bounds and the Homestead exemptions applied, it is an EXCELLENT place to choose for living in retirement.


For additional information for snowbirds/retirement and assets click there--->.  Benefitting from the Homestead Law  The information provided here is for reference only and you should ALWAYS check with an attorney or your financial advisor as to how these laws would apply to and effect your estate planning.

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