What is a “Declared Homestead Exemption”?
The American Heritage Dictionary, 5th Edition, defines a “homestead” as “property qualifying as a person’s home under certain laws, such as laws providing tax abatements and exemptions, survivorship rights for spouse and children, and immunity from claims of creditors.” It defines a “homestead exemption,” as “partial or complete exemption of homesteads from certain laws, such … Read more