Homestead Property Flashcards
1
Q
homestead inside a municipality
A
limited to 1/2 acre
2
Q
homestead outside a municipality
A
60 acres
3
Q
when can homestead NOT be devised
A
if survived by spouse or minor child, homestead cannot be devised
4
Q
survived by spouse but no minor children
A
homestead can only be devised to spouse
5
Q
if homestead improperly or not devised
A
goes through intestate order
except: if decedent is survived by a spouse or 1 or more descendants (not minor children), the SS takes life estate & the descendants take a vested remainder, per stirpes
- or spouse can take 1/2 interest as TIC with the heir(s)