Homestead Ownership in Partnership
The Third District Court of Appeal held this month in the case of Buchman v. Canard that a debtor could not claim homestead protection of his residence which was titled in the name of a partnership. The court ruled that partnership properties are not entitled to the homestead exemption even if a partner resides in the property. Previous posts on this blog have expressed the importance of owning homestead properties in the name of the natural person (individual) who lives in the property.
