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  2. Homestead exemption in Florida - Wikipedia

    en.wikipedia.org/wiki/Homestead_exemption_in_Florida

    The elected Property Appraisers of Florida's 67 counties are the state constitutional officers responsible for maintaining the integrity of the homestead tax exemption program. No one in Florida "automatically" obtains a homestead exemption. Instead, a homeowner on title (or the beneficiary of a trust, a person legally or naturally dependent ...

  3. Internal Revenue Code section 1041 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Where there is a transfer of property between spouses or a transfer incident to divorce, §1041(b) states that the property will be treated as if the person who receives the property (the transferee) has acquired it by gift. The transferee's basis in the property shall be the adjusted basis of the transferor at the time of the transfer.

  4. What Is a Lady Bird Deed & How Does It Work in Florida? - AOL

    www.aol.com/finance/lady-bird-deed-does-florida...

    The post How the Lady Bird Deed Works in Florida appeared first on SmartReads by SmartAsset. This powerful estate planning instrument is a popular choice among Florida homeowners.

  5. Unlock the Power of a Transfer on Death Deed: How It Works - AOL

    www.aol.com/transfer-death-tod-deed-2023...

    A transfer on death deed is quite simple: you just name the person (or persons) who you want to inherit your property after you pass away. Once this document is signed and filed with your local ...

  6. Community property - Wikipedia

    en.wikipedia.org/wiki/Community_property

    Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...

  7. Community property in the United States - Wikipedia

    en.wikipedia.org/wiki/Community_property_in_the...

    Community property issues often arise in divorce proceedings and disputes after the death of one spouse. These disputes can often be avoided by proper estate planning during the spouses' joint lifetime. This may or may not involve probate proceedings. Property acquired before marriage is separate and belongs to the spouse who acquired it.

  8. Kentucky should allow Transfer on Death Deeds. It saves ... - AOL

    www.aol.com/kentucky-allow-transfer-death-deeds...

    Transfer on death deeds are an ideal solution for many U.S. households. Those who own a home but have few other substantial assets. In this situation, creating a transfer on death deed means that ...

  9. Quitclaim - Wikipedia

    en.wikipedia.org/wiki/Quitclaim

    For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction.

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