Homestead Exemption
- Real property up to $10,000. Husband and wife can go to $20,000
Insurance Exemption
- Group life insurance policies or proceeds for spouse of the insured
- Annuity benefits due to the debtor only to $5,000
- Disability or illness benefits to $400 a month
- Life insurance policy proceeds if clause prohibits proceeds being used to pay creditors
Pensions for state employees and police officers, Keogh’s and IRA’s needed for support, ERISA-qualifed benefits. Aid for the blind, aged or disabled and AFDC. Unemployment compensation. Worker’s compensation.
Personal Property
- Personal property to a total of $5,000, including:
- Bible & books to $50
- Clothing
- Church pew
- Stove with fuel for 60 days
- Pet and food for 60 days
- Refrigerator
- Wedding rings
- Farm machinery
- Tools of trade:
- Farm machinery, team & food for 60 days, professional instruments & tools to $600
- Uniforms, equipment, horse, arms and sword of military member
- One automobile or truck to $2,400
- Burial plot up to ¼ acre
- Cash up to $2,500 if no homestead exemption taken
