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homestead |
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homestead The dwelling house and adjoining land forming the permanent residence of the head of household.Under modern law,a person's homestead is given a very specific definition within each state's statutes and is then granted protections from creditors and against excessive real estate taxes. The term homestead may also apply to the rights granted to a widow or widower to use real property for their remaining lives if they elect to take advantage of homestead laws rather than provisions made in a will.The protections may be unlimited, only up to a certain dollar value of equity, or limited in area. Each state's laws are different, and homestead may be defined differently in the various statutes within a state. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Because I believe that homesteading is important, that it fosters the creativity and freedom that America needs to meet the challenges of our uncertain future, I spend time thinking about ways to make homesteading more successful. I have observed the modern homesteading movement from primarily the perspective of a planning consultant and builder. In the first part of this book, Raban discusses the "selling" of the romantic idea of the homesteading life, of riches and independence -- all backed by the railroads, Milwaukee Road and Great Northern in particular. |
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