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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (27950)3/9/2005 10:09:48 PM
From: bentwayRespond to of 306849
 
I haven't heard that it changes the "homestead" type laws anywhere. It's the same deal in Texas - that's why all the Enron crooks built huge mansions in Houston. It apparently preserves some protection for the wealthy, called "asset protection trusts".



To: Jim McMannis who wrote (27950)3/10/2005 6:02:46 AM
From: redfishRead Replies (2) | Respond to of 306849
 
The exemptions in FL will be the same, consisting of:

unlimited homestead
unlimited IRA and other retirement accounts
unlimited annuity
unlimited cash value in life insurance

So long as you don't have much "income," you can still file 7 and remain filthy rich down here.


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