Written by attorney Grace S. Johnson |

California’s Homestead Exemption is Increasing. What Does This Mean?

Currently, Californians are able to protect their home equity in an amount up to $75,000 for some homeowners, and up to $175,000 for others. On January 1, 2021, due to the passing of AB 1885, that amount is significantly increasing to between $300,000 and $600,000.

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Questions? If you have questions about how this new law will apply to you, or if you are considering bankruptcy, please contact Grace Johnson for a free 20-minute phone consultation. Smith & Johnson Law, A Professional Corporation, (209) 333-9292, 115 W. Walnut Street, Suite 3, Lodi, CA 95240, [email protected] The information in this article is provided for informational purposes only and does not constitute legal advice. You should not act or rely upon the information in this article without seeking the advice of an attorney licensed to practice in your jurisdiction. Smith & Johnson Law, APC is a debt relief agency.

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