This Declaration of Homestead is used by homeowners to protect the value of their home from creditors' claims, lawsuits and bankruptcy. The amount protected varies depending on the age, marital status, and income of the property owner. The property must be the owner's primary residence and the owner must sign the document in front of a notary and file it with the county recorder. This document contains the standard provisions that are commonly included in a declaration of homestead. It should be used by a property owner as a means of protection during times of financial hardship.