This Idaho Declaration of Homestead is designed for a single individual and protects a certain amount of value in a principal residence from being taken to satisfy the judgment of a creditor. If a creditor sues you in court and you lose, the creditor will obtain a judgment for the amount owed. If you fail to pay this judgment, the creditor can collect by garnishing your wages or in certain circumstances, having your home sold in order to satisfy the judgment.

In Idaho, a homestead exemption is limited to $100,000 and is typically automatic from the time the home is occupied as a principal residence. Exemptions do not apply if your homestead consists of unimproved or improved land that is not yet occupied. In this instance you must execute and file a declaration stating the land is intended for use as a principal residence. There are also other situations where homestead exemptions do not apply.

This Idaho Declaration of Homestead for a Single Individual contains the following provisions:

• Party: Identifies the party to the homestead declaration;
• Property Location: Sets out the address and the legal description of the property;
• Declaration: States that the property is the individual’s principal residence;
• Value of the Premises: Sets forth the estimated cash value of the premises;
• Signatures and Notary: The declaration must be signed in front of a notary public.

Protect your Rights and your Property by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:

1. Instructions & Checklist
2. General Information
3. Step-by-Step Instructions
4. Idaho Declaration of Homestead for a Single Individual

State Law Compliance: This form complies with the laws of Idaho