homestead

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Related to homesteads: Homesteads Act

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.

References in periodicals archive ?
A Homestead History: An Assessment and a Look Back 363
Two Failed Attempts at Constitutional Homestead Revision 378
South Dakota's homestead laws have long been a lively topic of
Dakota Territory Supreme Court decisions touch on our homestead laws in
of federal decisions construing South Dakota homestead laws, including
alone, the significance of homestead laws should be clear.
The homestead exemption protects shelter as a fundamental human
6) The state constitutional framework for homestead laws,
homestead exemption, along with two additional homestead characteristics
11) Homestead in the exemption sense of the word is a
endeavor to call the exemption the homestead right or privilege and the
14) Finally, the homestead enjoys certain inheritance characteristics