A homestead declaration refers to a legal document that protects an individual's primary residence from being seized or sold in order to satisfy debts. Synonyms for homestead declaration include homestead exemption, homestead protection, or homestead exemption declaration. Essentially, these terms all refer to the same concept of safeguarding one's home from creditors. The purpose of a homestead declaration is to ensure that individuals and families have a secure place to live, shielded from financial hardship. By utilizing a homestead declaration, individuals can enjoy peace of mind knowing that their primary residence is protected and cannot be taken away in times of economic struggle.