Asset Protection Society

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Alabama Asset Protection Summary 

Alabama Homestead Exemption

The Alabama Homestead is $5,000; this exemption is limited to $5,000 in dollars and value and 160 acres in size.  If owned jointly by husband and wife, each may claim the $5,000 exemption.  To see the statutory language, click here.

Life Insurance and Annuities

Proceeds and avails (proceeds and avails means death benefit, cash surrender and loan values, premiums waived and dividends) of life insurance policies are exempt.  To see this statute, click here.

Benefits, rights, privileges, and options under an annuity contract are exempt up to $250 per month.  To see this statute, click here.

Disability Insurance

Proceeds and avails (cash surrender value) of any disability insurance account are exempt so long as it does not exceed $250 per month.  To see this statute, click here.

Corporate Protections

Charging Order

Under the Alabama Limited Partnership Act, the court may charge the debtor-partner’s partnership interest with payment of unsatisfied judgments.  The judgment creditor is treated as an assignee of the debtor-partner’s transferable interest.  To view this section of the Act, please click here.

Business Acts

  1. Alabama Business Corporation Act
    1. To view this Act, please click here.
  2. Alabama Non-Profit Corporation Act
    1. To view this Act, please click here.
  3. Alabama Limited Liability Company Act
    1. To view this Act, please click here.
  4. Alabama Uniform Partnership Act (1996)
    1. To view this Act, please click here.
  5. Alabama Limited Partnership Act (1997)
    1. To view this Act, please click here.
  6. Alabama Limited Partnership Act
    1. To view this Act, please click here.

The Asset Protection Society makes every attempt to keep the material on its web-pages up to date and accurate. Having said that, The APS does not warrant the material on this site and you should ALWAYS seek out the advice of a local advisor in your state who can give you individual advice for your particular situation and confirm the status of your state laws.