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Assuming the residency/domiciliary requirement is pleased, separated married couples might come across on their own in the problem of benefiting from two homestead exemptions. The U.S. Court of Appeals in In re Colwell, 196 F.3d 1225 (11th Cir. 1999), held that a married couple residing in individual residences for over 3 decades just before the filing in their respective personal bankruptcy petitions competent for homestead protection for every residence mainly because there was no displaying of fraudulent intent at the rear of their marital separation.
We will even discuss arranging issues for homestead and opportunity conflicts that could occur concerning the attorney, CPA, and economical planner when delivering suggestions on homestead exemption scheduling. q
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