How to Navigate the Ongoing Complexities of the Homestead Act
Get insight on the practical questions that still haunt nine years after the statute was revised
- Product Number: 2210088P01
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Product Description
Product Description
The Massachusetts Homestead Statute was revised on March 16, 2011, but practical questions still haunt. Join our expert panelists in a discussion of how these revisions have been interpreted by conveyancers, title insurance underwriters, and the court. This new one-hour program also highlights the unintended consequences of unnecessary homestead release language, the types of homestead interests that can create traps for the unwary, the effect of declaring homesteads for multi-level trusts, the abandonment of homestead rights, and recent court rulings.
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Agenda
Agenda & Materials
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4:00 - 4:10 pm
How to Calculate the Homestead Exemption
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4:10 - 4:20 pm
The Five Specified Releases of Homestead, Including Deed Constructs and Examples of Abandonment
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4:20 - 4:30 pm
Creation and Releases of Homestead for Trust Property or Properties in an Estate
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4:30 - 4:40 pm
Court Holdings Defining an "Owner" Entitled to Homestead
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4:40 - 4:50 pm
Continuing Homestead in Sale or Insurance Proceeds
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4:50 - 5:00 pm
Application of the Statute to Facts Both Pre-and Post-2011
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- Faculty