Homestead Property Flashcards

1
Q

homestead inside a municipality

A

limited to 1/2 acre

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2
Q

homestead outside a municipality

A

60 acres

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3
Q

when can homestead NOT be devised

A

if survived by spouse or minor child, homestead cannot be devised

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4
Q

survived by spouse but no minor children

A

homestead can only be devised to spouse

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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)

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