Homestead

Have you ever stopped to think that life takes many turns and that if today we're up for something outside or within our control we can go down?.

What if for some reason we could not pay that money because we had an unexpected illness, accident or death? Creditors seek as charged, and in extreme cases, yet our goods or our house.

What if her husband becomes problematic for some irresponsible, and feels that the way out of their problems is wasteful with his house?

What would happen to your children and you if your partner decides to separate?

Best family assets to secure legally registering the homestead.

What is family heritage?

The homestead (without giving a legal definition that is half confusing) is comprised of those assets that the family members already have and use to meet their living needs. We can mention among them the house and the furniture itself. If within the house there is a little shop, or a piece of work whose family income is generated, so these can be included within equity in the family.

For what I use to record the heritage of my family?

Registering the homestead has the basic function of protecting the family, to give the assurance that they will receive, no matter what the future of their indispensable to life.

The registration of family assets:

Avoid that it can be repossessed if you can not pay the debts of the father, mother or any child.

Prevents bad properties can be sold by the parent.

Gives security to dependents (spouse or children) to continue to have these goods registered in the event of a divorce.

How do I register my family's heritage? Will need help from a lawyer, since the application is made before a judge. They need to make a list of each property you want to include in the family estate, and where possible their estimated value. This list is presented to the judge, who once approved, should be sent to registration of the property. The law under which regulates the homestead is different in each state. Some put a cap on the value of the home, or a cap on the total value of goods. Explore with counsel of its choice on the limitations that might occur.

Once I registered the family estate, you can change? If it can happen that new goods are purchased and want to add or any of the registered property is no longer available and seeking to eliminate it. The process will always be before a judge.

And if you want to sell any property that is listed? You can not sell, unless a request is made and evidencing the sale is a clear benefit for the whole family.

What is the life of the family patrimony? Once registered, the list of homestead property shall be considered until the couple is legally divorced and have no dependent children


If I have a record debt and my family heritage. Already I can seize my property?

The registration of homestead protects property debt subsequent to registration, not against those debts that already had previously. In addition, goods can not be mortgaged.

So now you know, to protect you and your family against these unforeseen future is a good idea to record their heritage.