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


    Contributor Level 20


    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


    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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