Changes coming in Mass. homestead law

Full story: Telegram & Gazette
State officials say changes taking effect this week in the Massachusetts Homestead Act will give homeowners more protection against creditors. Full Story

Boston, MA

#1 Mar 16, 2011
The new law creates an automatic $125,000 protection on all homes that do not have a homestead declaration filed at the Registry of Deeds. The law still provides a $500,000 homestead protection for all homeowners who file a declaration at the Registry of Deeds. If you filed a homestead declaration prior to March 16, 2011, your $500,000 protection will continue to apply. Thus, there is no need to re-file your homestead declaration due to these statutory changes. The Massachuetts Secretary of State provides an informative review of the new law on their website. You can also read about it here:

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