Updated Homestead Exemption Amounts
Recently the State Legislature and Governor Inslee enacted the most significant change in the history of Washington’s 120-year-old statutory homestead exemption. Washington’s homestead exemption is codified at RCW 6.13.030. The homestead is the amount of equity in one’s home that may be shielded from judgment collection. For decades in Washington, it has been the same amount regardless of where a defendant resided in the state – $125,000. However, in reaction to two local 2018 bankruptcy cases: Wilson v. Rigby, 909
