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Investments glossary

Homestead Exemption


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Quotes of the day:

Doctors pour drugs of which they know little, to cure diseases of which they know less, into patients of whom they know nothing.

— Moliere

A homestead exemption is a legal provision that helps shield a home from some creditors following the death of a homeowner spouse or the declaration of bankruptcy.1 The homestead tax exemption can also provide surviving spouses with ongoing property-tax relief, which is done on a graduated scale so that homes with lower assessed values benefit the most.2 3


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