Comments on: The Nevada Homestead Exemption Has Been Increased http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/ Darren Welsh Blog - Prudential, Americana Group, REALTORS Fri, 30 Oct 2009 06:09:54 +0000 http://wordpress.com/ hourly 1 By: Glenn S http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1074 Glenn S Thu, 18 Jun 2009 08:54:09 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1074 Mike: I would think that your son does not pay you rent. He contributes to household expenses (utilites, food, property taxes, etc.) when he can. Being that the entire family is occupied by one family unit I think your chances are very good that the entire compound is protected under the Nevada homestead exemption. Mike:

I would think that your son does not pay you rent. He contributes to household expenses (utilites, food, property taxes, etc.) when he can.

Being that the entire family is occupied by one family unit I think your chances are very good that the entire compound is protected under the Nevada homestead exemption.

]]> By: mike t http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1070 mike t Wed, 17 Jun 2009 14:14:15 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1070 i live in one house and my son and his family live in the other. there were no building permits needed when i built my 2nd house. all lots are 1.25 acres ,with no dividing them up, one well,one septic tank, and i believe only one power hook-up now. my son does pay some rent when working , (he hasnt worked in 4 months). i live in one house and my son and his family live in the other. there were no building permits needed when i built my 2nd house. all lots are 1.25 acres ,with no dividing them up, one well,one septic tank, and i believe only one power hook-up now. my son does pay some rent when working , (he hasnt worked in 4 months).

]]> By: Glenn S http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1069 Glenn S Wed, 17 Jun 2009 09:44:08 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1069 Mike: You don\'t need to refile a homestead exemption because of a refinance. The homestead exemption will protect all structures on the land as long at is your principal residence. However, if the second house on the land is a rental, you should consult a Nevada attorney as the rental house certainly will not be protected and a question will arise as to the land. A lot will depend on the platting and application for building permit when the second house was built. If I were representing a judgment creditor I would certainly attack the second house and some of the land if it is used as a rental. Mike:

You don\’t need to refile a homestead exemption because of a refinance.

The homestead exemption will protect all structures on the land as long at is your principal residence.

However, if the second house on the land is a rental, you should consult a Nevada attorney as the rental house certainly will not be protected and a question will arise as to the land. A lot will depend on the platting and application for building permit when the second house was built.

If I were representing a judgment creditor I would certainly attack the second house and some of the land if it is used as a rental.

]]> By: mike t http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1067 mike t Tue, 16 Jun 2009 22:25:17 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1067 i have 2 house on one parcel of land which cant be divided,are they both protected? i filed for homestead in 1996 and refinanced in 2003 is my homestead still good or do i need to re-file it? i have 2 house on one parcel of land which cant be divided,are they both protected? i filed for homestead in 1996 and refinanced in 2003 is my homestead still good or do i need to re-file it?

]]> By: Darren Welsh http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1035 Darren Welsh Thu, 04 Jun 2009 15:11:07 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1035 No, unfortunately Homestead protection only applies to personally occupied residences. Only your true home, not investments. No, unfortunately Homestead protection only applies to personally occupied residences. Only your true home, not investments.

]]> By: Glenn S http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1033 Glenn S Thu, 04 Jun 2009 00:07:28 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1033 Ann: The Nevada Homestead laws only apply to principal residences and there is no protection for rental, commercial or second home properties. Ann:

The Nevada Homestead laws only apply to principal residences and there is no protection for rental, commercial or second home properties.

]]> By: Ann http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1032 Ann Wed, 03 Jun 2009 22:27:51 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-1032 Could you tell me about the Homestead laws on rental property in Nevada? Does this include shared rental property,such as, a building,with land, rented individually to seniors? Could you tell me about the Homestead laws on rental property in Nevada? Does this include shared rental property,such as, a building,with land, rented individually to seniors?

]]> By: Nikki http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-995 Nikki Thu, 07 May 2009 23:28:22 +0000 http://ameglegal.wordpress.com/2007/08/31/the-nevada-homestead-exemption-has-been-increased/#comment-995 I have been reading the Nevada homestead act laws (yes my head hurts!) I wanted to make sure I understood this correctly...You get the land, put a dewelling on it, get the parcel(s) numbers for it 'then' file for homesteading? Do you have to have a dewelling on the land in order to file, or can you file on just the land? When I had lived in CA you could homestead as much land as you could use/work. Is that the same here? It wasn't very clear on somethings. Thank you... I have been reading the Nevada homestead act laws (yes my head hurts!) I wanted to make sure I understood this correctly…You get the land, put a dewelling on it, get the parcel(s) numbers for it ‘then’ file for homesteading? Do you have to have a dewelling on the land in order to file, or can you file on just the land? When I had lived in CA you could homestead as much land as you could use/work. Is that the same here? It wasn’t very clear on somethings.

Thank you…

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