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Court Rules On Homestead Exemption

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File photo of a courtroom. (credit: Joe Raedle/Getty Images)

File photo of a courtroom. (credit: Joe Raedle/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Carson City, NV) — The Nevada Supreme Court says a debtor can’t claim a homestead exemption unless he or she lives in the home.

In a unanimous decision, Justices ruled David Nilsson could not claim the exemption for a home he bought with his ex-wife, even though she and their three children still live there.

A bankruptcy judge challenged the homestead exemption, after learning Nilsson moved out of the home in 2006.

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