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State Residency & Homestead

Florida Homestead — Unlimited Value Creditor Protection

FL Constitution protects homestead from creditors with NO dollar cap — retire in FL with a mansion untouchable to judgments.

Overview

Article X, §4 of the Florida Constitution exempts homestead property from forced sale by creditors regardless of value (½ acre in city / 160 acres rural). Only exceptions: mortgage, property tax, mechanic's lien, IRS. Unlike Texas (also unlimited but with more residency requirements) and most other states (capped $5K–$550K). Requires (1) Florida residency, (2) intent to make property permanent residence, (3) filing homestead declaration + Save Our Homes 3% assessment cap. Debtors have used this to preserve $10M+ homes from adverse judgments (Paul Bilzerian, OJ Simpson).

Best fit
High-liability professionals relocatingPost-judgment asset protectionRetirees choosing tax-favored state
Estimated impact
Unlimited creditor protection on home

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