Legal Question in Real Estate Law in Arizona
declaration of homestead
My parents live in arizona I have suggested that they homestead thier home, having done this simply in nevada myself. we cannot locata ahomestead form or much info for arizona homestead . I was able to get my form from my county asserssors office, my parents in arizona are having trouble locating the form, information on qarizona homestead.
Asked on 5/12/07, 4:04 pm
2 Answers from Attorneys
Brian Blum
Blum Law Office, PLC
Re: declaration of homestead
In Arizona the homestead exemption is $150,000 and it applies automatically. No documents are required.
Answered on 5/12/07, 5:00 pm
James Jenkins
Jenkins Law Center PLC
Re: declaration of homestead
This is rarely done anymore, since bankruptcy laws allow you to declare the homestead even after filing bankruptcy.
If there are no creditors who would attempt to execute on the home, why do it?
Answered on 5/14/07, 11:27 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
