Decisions are in conflict as to whether motorboats can qualify for homestead safety. one example is, in In re Mead, 255 B.R. eighty (Bankr. S.D. Fla. 2000), the courtroom, observing “no difference concerning a cell house occupying leased House inside of a cellular home park, and a boat occupying leased dock space in the marina or in A further dockage situation,” permitted a debtor to the assert a homestead in his 34-foot cabin cruiser. a number of other courts have reasoned to the contrary that “a debtor simply cannot transform a movable chattel into a homestead by selecting to leave the chattel in one area or by failing to keep up the chattel within a movable condition.
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We will likely examine planning difficulties for homestead and likely conflicts that will come up in between the lawyer, CPA, and economic planner when furnishing tips on homestead exemption scheduling. q
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