Time for change: bringing Massachusetts homestead and personal property exemptions into the twenty-first century. <a href=" for change: bringing Massachusetts homestead and personal property exemptions into the twenty-first century. </a> Introduction The Massachusetts homestead statute (Homestead Statute) (1) and personal property exemptions statute (Exemption Statute) (2) are both outdated and in desperate need of being brought into the twenty-first century.
Both of these exemption schemes date back hundreds of years (3) and there are many who believe that the protections afforded by the Homestead Statute and the Exemption Statute are as antiquated as their origins suggest. (4) I. The United States is, in no small measure, a nation founded on the primacy of property ownership. There is something at once quaint and powerful embodied in exemption schemes generally, and Massachusetts is no exception. II. III. IV. A. B. (iv) include a new automatic triennial cost of living adjustment; and.
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