In California, what is the current homestead exemption amount for a 65 yr old and what year laws are used to determine it.

Asked over 1 year ago - Canoga Park, CA

In California a homestead was recorded in 1992. The homestead exemption was increased for a 65 yr old from $150,000 in 2009, to $175,000 in 2010. What is the current amount of the homestead exemption for a 65 yr old if a judgment is recorded in 2009, but a writ of execution was not filed until 2011 and no levy of execution has been filed to date?

Attorney answers (2)

  1. Michael Raymond Daymude

    Pro

    Contributor Level 20

    2

    Lawyers agree

    Answered . The critical date, to determine the homestead exemption, is when the exemption is claimed. So, for example, if it is claimed in 2013 the exemption is $175,000 for a person 65 or older using the most liberal 704 exemptions.

    I am licensed in California only and my answers on Avvo assume California law. Answers provided by me are for... more
  2. Antoinette Cara Liewen

    Contributor Level 15

    1

    Lawyer agrees

    Answered . Given your facts, I would argue that the current homestead of $175,000 applies.

    DISCLAIMER: This answer is provided solely for informational purposes only. This answer does not constitute legal... more

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