There is a bill on the Governor's desk, waiting for his signature that will change the homestead act significantly. Senate 2406 will likely take effect 90 days after approval by the governor. Dick Howe, from the Northern Middlesex registry of deeds has a great summary of the changes here.
We will try to follow it's progress, and the expected changes to the forms. We will link to it from our homestead page when the bill becomes a law.