Homestead Protection in Massachusetts
Homestead protection in Massachusetts offers homeowners a way to protect the equity in their primary residence from certain creditors. Under the Massachusetts Homestead Act (https://www.mass.gov/info-details/massachusetts-law-about-homestead), homeowners can declare a homestead exemption, which safeguards up to $500,000 of the home’s value from unsecured creditors. This protection is automatic for all primary residences, but filing a declaration …