Complete a homestead declaration form. How do I file a declared homestead?Despite the confusing title, it's simple to understand what a homestead declaration is and what it can do for you. A Declaration of Homestead, when not properly prepared, may be invalid. We recommend that you seek legal advice before considering the recording. The homestead exemption is both the most important and the largest asset protection exemption that is available. California courts have long held that a lack of physical occupancy does not preclude a party from establishing actual residency and claiming the homestead. There are three types of homestead protection: a declaration of homestead, a probate homestead and a residential exemption. The property owner signs the note, which is a written promise to repay the borrowed money. New owners automatically receive an exemption claim form in the mail; there is no cost to file for the exemption.
