Homestead Exemption
- Real or personal property uses as residence up to $7,500, including personal property.
- Property held as tenancy may be exempt against debts held by only one spouse.
Insurance Exemption
- Group life insurance policies or proceeds
- Fraternal benefit society benefits
- Life insurance policy proceeds if clause prohibits use for payment of creditors
- Mutual life or accident proceeds
Pensions for public employees, firefighters, police officers. Aid for the blind, aged or disabled and AFDC. Unemployment compensation. Worker’s compensation.
Personal Property
- Health aids
- Up to $4,000 of tangible personal property
- Tools of trade: National Guard uniforms, arms & equipment
