Homestead laws are designed to protect a homeowner 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 in the amount owed. If you fail to pay this judgment, the creditor can collect by garnishing your wages or having your vehicle or home sold in order to satisfy the judgment. Homestead laws protect a certain amount of the equity in your home from being taken in order 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 the recording. Note that homestead exemptions do not apply or protect an individual’s equity in certain situations such as unpaid child support or unpaid state or local taxes.

This Alaska Declaration and Claim of Homestead for a Single Individual contains the following provisions:

• Parties: Identifies the party involved in the homestead declaration;
• Property Location: Sets forth the address and legal description of the property;
• Declaration: States that the property is the individual’s principal residence;
• Signature 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. Alaska Declaration and Claim of Homestead for a Single Person

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