Jones Foster Shareholder William G. Smith Talks Homestead Law on 3 Questions Podcast

Jones Foster Shareholder William G. “Bill” Smith, Vice Chair of the firm’s Private Wealth, Wills, Trusts & Estates and Corporate & Tax teams, was a guest on the 3 Questions Podcast with host Wayne Baxter of One Capital Management, discussing Florida’s homestead laws and important considerations for individuals and families establishing residency in the Sunshine State.

In the episode, “Three Questions New Florida Residents Should Ask About Homestead Law,” Mr. Smith explains how Florida’s homestead protections affect property ownership, creditor protection, property taxes, and estate planning. Drawing on his experience advising individuals and families on wealth preservation and succession planning, he addresses frequently asked questions involving the transfer of homestead property to a surviving spouse or minor children, as well as the potential property tax implications of converting a non-homestead residence to a Florida homestead.

Mr. Smith also discusses why individuals relocating from other states should have a Florida attorney review their existing estate plan. Even well-structured plans created in another state may not account for Florida’s unique constitutional and statutory homestead restrictions, potentially creating unintended consequences for property owners and their families.

Watch the full episode on YouTube: Three Questions New Florida Residents Should Ask About Homestead Law