Homestead Laws, Protect your property from creditors

I'm getting ready to file a homestead on my property. Here in Montana it protects up to $250,000 of your equity in the your primary residence. For example I live in a home that has a Taxable Market Value of $79,775 so since I am under the $250K NOBODY can put a lien on my house for any reason. I am not sure if that also applies to personal property in the home but I believe it does.

Cars yes, wages yes, retirement accounts yes, bank accounts yes, but they cannot put a lien on my home. Here is a bit of information I pulled up on the internet:

Homestead law allow an individual to register a portion of his real and personal property as "homestead," thereby making that portion of the individual's estate off-limits to most creditors. The idea behind these homestead laws is the preservation of the family farm, home, or other assets in the face of severe economic conditions.

State laws greatly vary with respect to homestead law. The laws of some of the states relating to homestead law can be found at the following links.

Homestead Laws by State - Homestead Laws

Even if your home is not paid off you can file a homestead and preserve the value you do have in equity.