Homestead
Legal protection for a primary residence against creditors, and in some states, special rules for marital home division.
Example
Florida's homestead laws prevented creditors from forcing sale of the family home.
Jurisdiction Variations
FLORIDA
Homestead (constitutional protection)
Florida Constitution Article X provides homestead exemption from forced sale and creditors
TEXAS
Homestead (constitutional protection)
Texas Constitution protects homestead from most creditors; unlimited acreage in rural areas
Related Terms
marital-homeproperty-settlementreal-estate-appraisal