Homestead laws are designed to protect homeowners from losing their home to a creditor. If you are sued for money in court and lose, the person who sued you will obtain a judgment for the amount owed. If you do not pay this judgment, the creditor can collect by garnishing your wages or have your automobile or home sold to satisfy the judgment. Homestead laws protect a certain amount of the equity in your home from being taken to pay a judgment.

In Alaska, homestead exemptions are limited to $54,000. In order to file a homestead declaration, you must be a resident of Alaska, the owner of the dwelling and reside within the dwelling at the time of recording. There are certain situations in which homestead exemptions do not apply such as unpaid child support or unpaid state and local taxes. A Declaration and Claim of Homestead protects both your rights and your home.

This Alaska Declaration and Claim of Homestead for a Married Couple contains the following provisions:

• Parties: Identifies the parties involved in the homestead declaration;
• Property Location: Sets forth the address and the legal description of the property;
• Declaration: States that the property is the family's principal residence;
• 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. Declaration and Claim of Homestead for a Married Couple for use in Alaska

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