Legal Question in Real Estate Law in California

I am going to file a California Homestead Declaration, I am married but the property is in my name alone. Do I file just with myself on it or for both of us.


Asked on 1/16/11, 11:53 am

1 Answer from Attorneys

Anthony Roach Law Office of Anthony A. Roach

It depends on how much of the exemption you want.

The amount of the homestead exemption is not fixed, and varies depending on the age of the judgment debtor, and family relationship. A judgment debtor may claim a homestead exemption in the amount of $75,000. (Code of Civ. Proc., � 704.730 subd. (a)(1).) If the judgment debtor or his or her spouse who resides in the homestead is, at the time of the attempted sale of the homestead, a member of a family unit, he or she is entitled to an exemption in the amount of $100,000.00. There must be at least one member of the family unit who owns no interest in the homestead or whose only interest in the homestead is a community property interest with the judgment debtor. (Code of Civ. Proc., � 704.730 subd. (a)(2).)

The amount of exemption is increased to $175,000 if the judgment debtor or his or her spouse who resides in the homestead is, at the time of the attempted sale of the homestead: 1) 65 years of age or older; 2) physically or mentally disabled and, as a result of that disability, unable to engage in substantial gainful employment; or 3) 55 years of age or older with a gross annual income of not more than $15,000, or if married, a gross annual income, including the gross annual income of his or her spouse, of not more than $20,000 and the sale is an involuntary sale. (Code of Civ. Proc., � 704.730 subd. (a)(3).)

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Answered on 1/22/11, 12:27 pm


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