Homestead Exemption
- Primary residence to $100,000. If over 65 or disabled, value to $200,000. Spouse or child of deceased owner may claim the homestead exemption.
Insurance Exemption
- Group life insurance policy
- Life or endowment policy, proceeds or cash value
- Life insurance or annuity proceeds if clause says proceeds may not be used to pay creditors
- Life insurance policy if beneficiary is married woman
- Fraternal benefit society benefits
- Disability benefits to $400 per week
Pensions for state employees, savings bank employees, private retirement benefits and ERISA-qualified benefits. Aid for the blind, aged or disabled, veteran’s benefits and AFDC. Unemployment compensation. Worker’s compensation.
Personal Property
- Burial plots and church pew
- Bank deposits to $125, ford or cash for food to $300
- Beds & bedding, clothing needs, heater
- Books & Bible to $200
- Sewing machine
- Cash for utilities to $75 per month
- 2 cows, 2 pigs, 12 sheep, 4 tons of hay
- Furniture to $3,000
- Automobile to $750
- Tools of trade for fishermen to $500, including boat, tackle and nets
- Arms, uniforms and other needs for armed forces
- Tools of trade you designed and procured, tools and fixtures to $500
- Additional $5,500 of any property
- Trust or credit union funds to $500
