PSA: Homestead Coverage Increases to $1 Million Dollars
In August 2024, state legislators passed Session Law 2024, c. 150, s. 51 (an Act relative to the Affordable Homes Act), which increased the amount of protection offered by a written Declaration of Homestead from $500,000 to $1,000,000 per household. Additionally, under the elderly homestead protection, the coverage increased from $500,000 per person to $1,000,000 …