=?iso-8859-1?Q?Re:_[cdcbaa]_=A7704.730_Homestead_Exemption?=
Posted: Wed Feb 08, 2012 2:54 pm
charsetndows-1252
Suggest you read 704.730(a)(3)(B) and (C).
BTW, I read (C) in your client's situation to only require under $15K gross annual income, but not an involuntary sale (that only applies if married, however illogical the grammatical construction may be)...
Jason Wallach
jwallach@gladstonemichel.com
On Feb 8, 2012, at 2:41 PM, klavielaw wrote:
> I retained clients that were scheduled to file next week. They are married with about $130,000 equity in the family home. Wife has degenerative MS and can only basically babysit elderly.
>
> Last night her husband died (at 56).
>
> My question is how do you define disabled for the purposes on the $175,000 exemption.
>
> I was willing to take the risk of the diability amount becasue the excess equity on the home is about $26000 over the married exemption. Now the question is material. She has needed round the clock care at times but of late she has her elderly job. She is making about $10.00 per hour. I have doctors letters but she has a paycheck. Her abilities are severly limited.
>
> Any thoughts from the brain trust.
>
> Thank you for your help in advance.
>
> To contact me directly please call 818 802-0104.
>
> Ilyse Klavir.
>
>
charsetndows-1252
Suggest you read 704.730(a)(3)(B) and (C). BTW, I read (C) in your client's situation to only require under $15K gross annual income, but not an involuntary sale (that only applies if married, however illogical the grammatical construction may be)...
Jason Wallach
The post was migrated from Yahoo.