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Homestead Declaration Form Kern County California

Homestead Declaration Form Kern County California

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hello there attorney andrew bethel of the bethel law corporation generally we find that while people do know that there are some protections of your assets should you find yourself in bankruptcy or some type of creditor trouble in general they are typically unsure as to their options and exactly what is or can be protected now one of the most important protections is the homestead exemption while the rules for homestead exemptions vary by state here in california we recently had an increase in that exemption limit thanks to california assembly bill 1885 and that was back in 2020 and that brought us up to between three hundred thousand dollars and six hundred thousand dollars for that limit the actual amount will equal the prior year's median home sale price amount if it is within that range so to put it simply the minimum exemption is three hundred thousand dollars and the maximum is six hundred thousand but your particular exemption limit will be the median not the average home sale

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