Your Home

Will I Lose My Home?

Under the pre-February 8, 2006 Medicaid rules, your homestead was an exempt asset with an unlimited value.  Under Florida law a "homestead" is defined as a half acre in a municipality and up to160 contiguous acres in an unincorporated area.

Under the new law, anywhere between $500,000 and $750,000 of equity in a homestead is exempt.  The remaining equity in a homestead is considered an asset in the asset test.

Under Florida law, your house can remain your homestead, even if you do not reside in it, if you have the intention of returning to it.

Under the Florida Probate Code, a homestead can usually be passed to a spouse and/or descendants free from creditor's claims.

If you are a concerned relative or friend of an elderly person who seeks assistance with Estate Planning, Elder Law, or Medicaid, Contact Us Online or Call Us at (904) 355-8888 to set up a consultation and receive our Free North Florida Nursing Home Guide.

CLIENT REVIEWS
  • David Wolf is an excellent attorney. He is my FIRST call when a problem arises. He has represented me on a few matters and guided me on others. He is responsive, professional, and compassionate. If you want a down to earth attorney who will fight for your rights, David Wolf would be a good choice for you.
    ★★★★★
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    ★★★★★
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    ★★★★★
  • David is well recognized in the Jacksonville community as tireless advocate for his clients. I would recommend David and his firm for those who have been injured or harmed by the carless of negligence of others.
    ★★★★★
  • David Wolf was able to resolve my situation quickly and efficiently. He is a professional attorney who is not only extremely knowledgeable but also kind and considerate. He took the time to assure me of the results and put my mind at ease. I would recommend him highly and would only retain him for other legal services.
    ★★★★★