Declaration of Homestead and How It Protects You from Creditors-California Wills & Trusts Attorney
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YouTubeArmine Bazikyan, Esq. Certified Attorney
Declaration of Homestead and How It Protects You from Creditors-California Wills & Trusts Attorney
Despite the confusing title, it’s simple to understand what a homestead declaration is and what it can do for you. Simply put, a homestead exemption protects your residence’s equity from creditors. The equity exemption amount is $600k in Los Angeles. Equity is the amount of profit you have on your home as opposed to your mortgage. A ...
3.3K viewsMar 6, 2022
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