Property Ownership
Florida's 'Homestead Act' provides three separate and distinct benefits to qualifying homeowners. Which of the following is one of these three benefits?
AExemption from all property taxes
BLimitation on devise (the right to control who receives the homestead at death)✓ Correct
CProtection from all types of liens
DRight to convert homestead to commercial use without rezoning
Explanation
Florida's homestead provides three distinct protections: (1) Tax exemption — up to $50,000 exemption from assessed value; (2) Creditor protection — protection from forced sale to satisfy most debts; and (3) Devise limitation — restrictions on who can receive the homestead at death (cannot be devised/willed away from a surviving spouse or minor child). These are three separate legal concepts.
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