Declaration of Homestead Abandonment - montana 2026

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  1. Click ‘Get Form’ to open the Declaration of Homestead Abandonment in our editor.
  2. Begin by entering your name in the 'Return Document to' section, followed by your mailing address, city, state, and zip code.
  3. In the main body of the form, specify the date when the original Homestead Declaration was filed. Include details such as the book and page number where it is recorded.
  4. Provide a complete legal description of the property being abandoned. Ensure you include metes and bounds or subdivision details; avoid using just a street address.
  5. Sign and date the document in the designated area for claimants. Make sure both claimants sign if applicable.
  6. Finally, have a notary public witness your signatures. They will need to complete their section and affix their seal.

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Montana State University-Bozeman. BY SIGNING A LEGAL DOCUMENT KNOWN AS A homestead declaration, Montanans can protect up to $250,000 in value of a home against most creditors claims. For example, if a person incurs an overwhelming gambling debt, up to $250,000 in value of his/her home would still be sheltered.
Homestead Caveats Any sale proceeds up to $409,450 (2025) are exempt from creditor claims for up to 1 years (18 months). Check with your state about monetary coverage, but in Montana, a Homestead Declaration protects up to $409,450 (2025) in home value against most creditors claims.
Do I file a homestead exemption every year? Once youre approved for a homestead exemption, you typically dont need to reapply on an annual basis.
By signing a legal document known as a homestead declaration, Montanans can protect up to $409,450 (2025) in equity of their home against most unsecured debts. Equity is the difference between what an owner owes on a mortgage and the current value of the home.