Section 12D-7.009 - Homestead Exemptions - Life Estates(1) A life estate will support a claim for homestead exemption.(2) Where the owner of a parcel of real property conveys it to another who is a member of a separate family unit retaining a life estate in an undivided one-half interest therein, and each of such parties make their permanent homes in separate residential units located upon the said property, each would be entitled to homestead exemption on that part of the land occupied by them and upon which they make their permanent home.Rulemaking Authority RSA 195.027(1), RSA 213.06(1) FS. Law Implemented RSA 196.001, RSA 196.031, RSA 196.041 FS.New 10-12-76, Formerly 12D-7.09.