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Loren
Loren, Lawyer
Category: Real Estate Law
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Experience:  30 years of real estate practice experience.
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In Alabama, specifically Madison County, will placing of a

Customer Question

In Alabama, specifically Madison County, will placing of a primary residence into a Land Trust eliminate the Alabama homestead exemption, come tax time?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Loren replied 1 year ago.

No,a land trust will not preclude the homestead exemption provide the premises is otherwise qualified.

Expert:  Loren replied 1 year ago.

In other words, so long as the beneficiary is occupying as the principal residence, the property will still qualify.

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