Written by attorney Leon D Bayer

A New Jumbo Homestead Exemption for California - Allowing $300,00 up to $600,00

California's new homestead exemption, (amending Section 704.730 of the Code of Civil Procedure-Assembly Bill AB 1885) increases the amount of the homestead exemption to at least $300,000 up to a maximum of $600,000. We presume the effective date of the new law will be January 1, 2021.

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