SB1111

Increases the homestead exemption limit in Missouri to $50,000.

The bill increases the homestead exemption limit in Missouri to $50,000 for a dwelling house and its appurtenances, along with the land used in connection therewith. This exemption applies to the rents, issues, and products of the homestead. The bill also ensures that either spouse cannot individually sell, mortgage, or alienate the homestead, but they can jointly dispose of it. The previous exemption limit is repealed and replaced with this new provision.