Re: Does Colorado have "Homesteading"

"Chopper" <[EMAIL PROTECTED]> wrote:

> Does Colorado have "Homestead" laws that can protect a home from
> creditors, etc?

I don't practice in Colorado, but a quick review of their statutes 
shows that a homestead (meaning a home you own and are living in at 
the time) has its first $45,000 in equity exempt from creditors.  It 
does not appear that any particular action must be taken in advance 
to claim a homestead.  But check with a local lawyer just to be sure.

As far as I'm aware (and it was still true the last time I checked) 
only the states of Texas and Florida allow the full value of the 
equity in your home to be protected from creditors, irrespective of 
how much that equity may be.

Stu