Connecticut Asset Protection Summary 

Homestead Exemption

The Homestead is exempt up to $75,000.  In cases for services rendered at a hospital the exemption is increased to $125,000 subject to a fair market value determination.  To see this statute, click here.

Life Insurance and Annuities

Proceeds of life insurance policies are exempt.  To view this statute, click here.

Proceeds of life insurance policies held in trust are exempt from claims by creditors.  To view this statute, click here.

With unmatured life insurance any accrued interest, dividend, or loan value is exempt up to $4,000.  To see this statute, click here.

Proceeds of annuity contracts held in trust are exempt from claims by creditors.  To view this statute, click here.

IRA

ERISA qualified plans, including IRAs are exempt.  To view this statute, click here.

Corporate Protections

Charging Order

A judgment creditor may seek to charge the debtor-partner’s partnership interest with payment of any unsatisfied debts.  The judgment creditor has only the rights of an assignee of the debtor-partner’s partnership interest.  To view this statute, click here.

Business Acts

1.      Connecticut Business Corporations Act

a.      To view this Act, click here.

2.      Connecticut Limited Liability Companies Act

a.      To view this Act, click here.

3.      Connecticut Limited Liability Partnerships

a.      To view this Act, click here.

4.      Uniform Limited Partnership Act

a.      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.