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Arkansas Asset Protection Summary 

Homestead Exemption

The Homestead exemption for a principal residence may not exceed $2,500. Within any city, town, or village the homestead, with improvements, may not exceed 1 acre; outside of any town, city, or village the homestead, with improvements, may not exceed 160 acres.  To see this statute, click here.

Life Insurance and Annuities

All moneys paid or payable to any resident of this state as the insured or beneficiary designated under any insurance policy or policies providing for the payment of life, sick, accident, or disability benefits shall be exempt from liability or seizure under judicial process of any court and shall not be subjected to the payment of any debt by contract or otherwise by any writ, order, judgment, or decree of  any court. To see this statute, click here.

Benefits, rights, privileges, and options under an annuity and variable annuity contract are exempt.  To see this statute, click here.

IRA

ERISA qualified plans are exempt.  To see this statute, click here.

The first $20,000 deposited in a time frame exceeding one year from filing of bankruptcy, for both individuals and husband and wife combined, of an IRA is exempt.  To see this statute, click here.

Disability Insurance

Proceeds of any disability insurance are exempt from the creditors of the insured and the insured’s beneficiaries.  To see this statute, click here.

Corporate Protection

Charging Order

Under the Uniform Partnership Act (1996), as a judgment creditor’s exclusive remedy, the debtor-partner’s transferable partnership interest may be charged with payment of any unsatisfied debt with interest.  This charging order constitutes a lien on the debtor-partner’s partnership interest.  To view this section of the Act, click here.

Under the Revised Limited Partnership Act (1991), a judgment creditor may charge a debtor-partner’s transferable partnership interest with payment of any unsatisfied amount with interest.  The judgment creditor receives only the rights of an assignee of the partnership interest.  To see this section of the Act, click here.

Business Acts

  1. Arkansas Business Corporations Act
    1. To view this Act, click here.
  2. Arkansas Limited Liability Company Act
    1. To view this Act, click here.
  3. Uniform Partnership Act
    1. To view this Act, click here.
  4. Revised Uniform Limited Partnership Act
    1. To view this Act, 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.