Declaring a Homestead

By Stephanie M. Keels. Esq.

If you are a homeowner, it is important to declare a homestead on your main property. A homestead protects your home from being sold by creditors to pay for any debts you owe. You declare a homestead by completing a Declaration of Homestead form and recording the same with the County Assessor’s office.

A homestead protects the equity in your home up to $550,000, and the equity is reduced by any outstanding mortgages. If your home is worth $250,000 but you have a mortgage in the amount of $200,000, the equity is $50,000.00.

The homestead protects your home from forced sale for general debts including, but not limited to, medical bills, personal injury awards, personal loans and business loans. However, it does not protect you against IRS lien’s, child support, alimony payments and other exempt debts.

For more information on Homestead’s, please refer to NRS 115 and the Clark County website at


Disclaimer: This information is provided for general purposes only and is not meant to constitute legal advice. Legal advice is dependent upon the specific circumstances of each situation and provides an analysis of the law compared to the situation. MFM accepts no liability for the consequences of any actions taken on the basis of the information provided herein. MFM admonishes you not to rely on the information and to seek independent counsel.
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