What is the purpose of homestead protection?

The purpose of homestead protection is primarily to safeguard a homeowner's primary residence from being forcibly sold to satisfy debts or creditors. This legal framework establishes a buffer that prevents creditors from claiming the home, thereby ensuring that individuals and families can remain in their homes even in times of financial difficulty. This protection is especially vital as it provides stability and security, allowing homeowners to maintain their residence without the fear of losing it due to unpaid debts.

In contrast, the other options each focus on different aspects of property and ownership. While equitable distribution among heirs, tax benefits for homeowners, and the allowance of rental agreements may be important in their own right, they do not directly pertain to the core objective of homestead protection, which is explicitly aimed at preserving the family home from creditors. Hence, option B captures the essential purpose of homestead protection effectively.