October 22, 2009
California Homestead Exemption Increases January 1, 2010
A thanks to Matt Reznik:
Under the "did you know" category...
Just stumbled upon this info:
HOMESTEAD EXEMPTION RAISED
Homestead Exemptions Increased (Assembly Bill 1046) - Effective January 1, 2010: California Homeowner'’s equity protected from creditors is now $75,000 for individuals and $100,000 for married couples and $175,000 for seniors (over 65), disabled or over 55 with limited income.
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Usually, adjustments in statutory dollar amounts stated in nominal dollars reflect inflation. This California statute, in contrast, increases the nominal dollar amounts at a time immediately following the most intense deflation of homestead real estate in California's modern history.
Posted by: ohwilleke | Oct 23, 2009 2:46:14 PM