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Georgia Asset Protection Summary

Homestead Exemption

The Code of Georgia offers a Homestead exemption of up to $5000 in value.  See O.C.G.A. §44-13-1

Life Insurance and Annuities

In Georgia, the “cash value” of a life insurance policy and annuity contract is exempt from creditors.  O.C.G.A. § 33-25-11

§§ 33-25-11 and 33-28-7. Cash surrender value and proceeds of life insurance policies and annuity contracts not liable to attachment, garnishment, or legal process in favor of creditors; proceeds payable to insured’s estate, executor, administrator, or assign to become part of insured’s estate.

IRA

Funds and benefits from an IRA are exempt from creditors.  O.C.G.A. § 18-4-22

Corporate Protections

Charging Orders

A judgment creditor may charge a debtor-partner’s partnership interest with payment of any unsatisfied debt.  This is not the judgment creditor’s exclusive remedy.  O.C.G.A. § 14-9-703

Business Acts

  1. Georgia Business Corporations Act
    1. To view this Act, see O.C.G. A. § 14-2-101.
  2. Georgia Limited Liability Company Act
    1. To view this Act, see O.C.G. A. § 14-11-100.
  3. Georgia Partnerships
    1. To view this Act, see O.C.G. A. § 14-8-100.
  4. Georgia Limited Partnerships
    1. To view this Act, see O.C.G. A. § 14-9A-1.
  5. Revised Uniform Limited Partnership Act
    1. To view this Act, see O.C.G. A. § 14-9-100.

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.