Received notice of hearing for Petition For Determination Of Homestead And Exempt Status Of Real Property And Determination Of Beneficiaries (Florida). Estate is to be divided 50% decedent’s family and 50% decedent’s deceased wife’s family. My relationship with this estate is decedent’s deceased wife’s family (my aunt).
The document submitted to the court on behalf of the personal representative states that the decedent’s families “50% share of the said property being exempt from any creditors” and “the other 50% share of the said property would not be exempt from creditors”. The document stated that there are no creditors that filed claims and the time for filing said claims has expired. Why is one share exempt and the other not exempt? While I don’t believe there are any outstanding creditors what happens if someone files a claim?
The document submitted to the court on behalf of the personal representative states that the decedent’s families “50% share of the said property being exempt from any creditors” and “the other 50% share of the said property would not be exempt from creditors”. The document stated that there are no creditors that filed claims and the time for filing said claims has expired. Why is one share exempt and the other not exempt? While I don’t believe there are any outstanding creditors what happens if someone files a claim?