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Sample Trust Language
For Homestead Exemption Purposes
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Homestead: Settlor
reserves the right to reside upon any property placed into this trust as Settlor’s
permanent residence during Settlor’s life, it being the intent of this
provision to preserve in Settlor the requisite beneficial interest and
possessory right in and to such real property, to comply with §196.031 of the
Florida Statutes, such that Settlor’s possessory right constitutes in all
respects, "equitable title to real estate," as that term is used in
§6, Article 7 of the Constitution of the State of Florida. Notwithstanding
anything contained in this trust agreement to the contrary, the interest of
Settlor in any real property on which the Settlor resides pursuant to the
provisions of this trust shall be deemed to be an interest of real property an
not personalty.
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