Overhauled Massachusetts Homestead Law Effective March 16, 2011

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On December 16, 2010, Governor Deval Patrick signed a complete overhaul of the Massachusetts homestead statute. It is codified as M.G.L. c.188, as amended by Chapter 395 of the Acts of 2010. The new homestead statute takes effect on March 16, 2011.

The original Massachusetts homestead statute was enacted in 1851, and its language was the source of much uncertainty, which resulted in conflicting interpretations and unpredictable results in courts within the Commonwealth. Since its enactment, the homestead statute was amended numerous times; however, many flaws remained. The new homestead statute resolves many of the uncertainties and ambiguities of the original law. Some highlights include...

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Published In: Administrative Agency Updates, Bankruptcy Updates, Finance & Banking Updates, Insurance Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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