Legal Question in Real Estate Law in California
How much is a homestead in California for a single person?
Asked on 9/23/09, 7:25 pm
2 Answers from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
See Code of Civil Procedure section 704.730. The exempt amount for a single person is $50,000.
Answered on 9/23/09, 10:42 pm
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
$50,000 is the basic amount, but several classes of single persons get higher declared homestead exemptions ($75,000 or $150,000) based on age, income, dependent family members living with the single person, etc. It's all in CCP 704.730, but you have to read the whole section to get it all.
Answered on 9/24/09, 3:25 am