Final answer:
Homestead protection refers to the legal protection provided to homeowners to safeguard their primary residence from certain types of creditors. It lasts until there is solid proof of transfer, abandonment, or death.
Step-by-step explanation:
Homestead protection refers to the legal protection provided to homeowners to safeguard their primary residence from certain types of creditors. This protection lasts until there is solid proof of transfer, abandonment, or death. In most cases, the homestead exemption allows individuals to exempt a certain portion of their home's equity from being seized by creditors in the event of bankruptcy or legal judgments. This protection varies by state and can range from a few thousand dollars to unlimited amounts.