LA County Bar Features Homestead Exemption Article Co-Authored by Talkov Law

The expert panel of legal professionals at the Los Angeles County Bar Association (LACBA) recently reached out to Talkov Law’s founder and lead attorney Scott Talkov and co-author Ed Hays to publish their article in the Los Angeles Lawyer magazine on the newly expanded California homestead exemption. The article, entitled “Protecting the Old Homestead,” is displayed on the cover of the July/August issue of Los Angeles Lawyer and spans multiple pages of the issue. As one of the largest county bar associations in the US, e-publications by the LACBA, including Los Angeles Lawyer, reach more than 83,000 viewers.

In his article, Scott explains how California has increased its homestead exemption to “the greater of the following: (1) The countywide median sale price for a single-family home in the calendar year prior to the calendar year in which the judgment debtor claims the exemption, not to exceed six hundred thousand dollars ($600,000). (2) Three hundred thousand dollars ($300,000).” Cal. Code Civ. Proc. § 704.730.

The newly-updated homestead exemption provides debtors more opportunity to stay in their homes and avoid losing their homes due to bankruptcy. Scott’s article also explains how to maximize the homestead exemption. Exemption planning, liquidation of assets that would produce value to creditors, and a motion to avoid a lien under 11 U.S.C. § 522(f)(1), which Scott describes in detail in his article, are all ways in which California’s homestead exemption increases protections for debtors. The article was co-authored by Ed Hays, Past President of the California Bankruptcy Forum and a founder of Marshack Hays, LLP in Irvine, California.

Avatar photo
About Talkov Law Partition Attorneys

The partition attorneys at Talkov Law end co-ownership disputes by representing co-owners in real estate partition actions throughout the State of California.

Talkov Law is Rated 5 out of 5 stars based on 38 customer reviews.

Contact Us Today for a Free Consultation & Pay No Retainer

Call Talkov Law to discuss having your legal fees paid from the proceeds of sale of your property and no money down

Awards and Recognition

US News and World Report Scott Talkov

We Have Been Featured On:

The Real Deal

Recent Blog Posts

The information on this site, including the Talkov Law Blog, is intended for general information purposes only. By using this site, you agree that any information contained in the site does not constitute legal, financial or any other form of professional advice. Information on this site may be changed without notice and is not guaranteed to be complete, accurate, correct or up-to-date.