If you own a home, you should consider filing a homestead declaration with the County Recorder in your county. A homestead declaration protects your home from being seized and sold in the event that a money judgment is entered against you by a court.
What is the purpose of a homestead declaration?
A homestead declaration is a legal document that claims and registers a particular house as the owner's homestead or principle dwelling. This document helps to protect the house against loss to creditors.
Do I need to file a declaration of homestead in Nevada?
The current version of the State law is found in Chapter 115, “Homesteads,” of the Nevada Revised Statutes (NRS). To be eligible for the homestead exemption, State law requires a person to declare a homestead and to record that declaration with the county recorder of the county in which the property is located.