Bill > H1816

This bill aims to clarify and update the provisions related to homestead estates in Massachusetts. It defines the "declared homestead exemption" and explains how it is calculated for different types of home ownership arrangements, such as joint tenants, tenants in common, and trust beneficiaries. The bill also amends the definition of "owner" to include various types of property interests. Additionally, it outlines the specific methods by which an estate of homestead can be terminated, such as through a deed, release, or abandonment. The bill also addresses the protection of the proceeds from the sale or damage of a home subject to a homestead estate. The provisions of this bill apply to homestead estates created before, on, or after the effective date, except for any final judgments issued by a court prior to the effective date.

Justice

https://malegislature.gov/Bills/192/H1816