32 equally, homestead status just isn't shed each time a debtor leaves the house without having intention of returning but has a very good faith intent to reinvest the proceeds of the long run sale of the home in a completely new homestead.33 nevertheless, in Dep’t of Revenue ex rel. Vickers v. Pelsey, 779 So. 2d 629 (Fla. 1st DCA 2001), cash that a debtor acquired from a business lender and which have been meant to be utilised to acquire homestead weren't shielded under the homestead exemption. The court famous that no sale of the homestead was involved and, further more, that the house mortgaged to protected the loan was also not homestead.34
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We will likely focus on organizing concerns for homestead and probable conflicts which will crop up amongst the lawyer, CPA, and monetary planner when providing guidance on homestead exemption scheduling. q
081(4) was declared an unconstitutional for depriving Homestead Exemption from a widow of the veteran based on extremely restrictive standards for exemption. See: Dep't of earnings v. Bell
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