Donald Trump Jr. and his girlfriend Kimberly Guilfoyle have finally found a home to buy near Mar-a-Lago. The couple put up their Hamptons, New York home for sale as the whole Trump family ushered in a kind of exodus to Florida.
Florida laws have a Homestead Exemption, which helps protect citizens against those who win lawsuits that involve damages.
Article X, Section 4 of the Florida Constitution establishes protection against creditors, explained one law firm. Under the Florida Constitution, there are three exemptions:
- Exemption from forced sale before and at death
- Restrictions on devise and alienation
- And exemption from taxation per Art. VII, Section 6