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Using a Homestead Declaration to Protect Your Home from Creditors

 

INSTRUCTIONS: MONTANA USING A HOMESTEAD DECLARATION TO PROTECT YOUR HOME FROM CREDITORS 

 

 

This article discusses an informational packet outlining to use a homestead declaration to protect up to $250,000 of your Montana home's value against creditors. This informational document can be found on the website maintained by the Montana State University Extension program.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 1: The first two paragraphs provide a general view of the document.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 2: The next two paragraphs define the term "homestead."

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 3: The next two paragraphs outline limitations on the maximum value of exempt property for a homestead declaration.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 4: The next paragraph provides a hypothetical example regarding a homestead declaration.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 5: The next three paragraphs outline two other hypothetical examples regarding homestead declarations.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 6: The next two paragraphs concern who should sign a homestead declaration.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 7: The next three paragraphs contain information about obtaining and completing a homestead declaration form.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 8: The next five paragraphs contain information about circumstances in which a homestead declaration would not provide protection against creditors.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 9: The next paragraph contains contact information for further information.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 10: The next two paragraphs contain information on undoing a homestead declaration.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 11: The next paragraph contains a summary of this document.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 12: The next section of the form contains references.

 

Montana Using A Homestead Declaration To Protect Your Home From Creditors Step 13: The remainder of this document contains acknowledgments and information about making copies of it for nonprofit educational purposes.

 

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