Asset Protection Society

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Idaho Asset Protection Summay

Homestead Exemption

The Idaho Homestead exemption may not exceed $100,000 or the total net value of lands, mobile home, or improvements to the land.  To see this statute, click here.

Insurance and Annuities

 

Proceeds and avails of life insurance policies are exempt.  To see this statute, click here.

If the policy makes an agreement with the insurer, then proceeds of any unnmatured life insurance policy may be held by insurer against creditors of beneficiaries of the policy who are not the policyholder.  To see this statute, click here.

Policies of group life or disability insurance are exempt.  To see this statute, click here.

 

Any benefits, rights, privileges, and options under an annuity contract are exempt; this exemption is not to exceed $1,250 per month.  To see this statute, click here.

 

IRA

The right of a person to a pension, annuity, retirement or disability allowance, death benefit or any other right under an employee benefit plan is exempt.  To see this statute, click here.

 

Disability

 

Unless otherwise provided by policy or contract, the proceeds of avails of all contracts of disability insurance and of provisions providing benefits on account of insured’s disability which are supplemental to life or annuity contracts are exempt.  To see this statute, click here.

NOTE: There is a section of the statute that discusses property exemptions to the extent necessary for support.  So, if you are looking for an exemption, look here as well.  To see this statute, click here.

Corporate Protections

Charging Order

 

As a transferee of a partner or a judgment creditor’s exclusive remedy a charging order may placed on the debtor-partner’s partnership interest.  The charging order constitutes a lien on the debtor-partner’s transferable interest in the partnership.  To view this statute, click here.  The same remedy is provided for in the Uniform Partnership Act; to see this statute, click here.

 

Business Acts

 

1.      Idaho Professional Service Corporation Act

a.      To view this Act, click here.

2.      Idaho Limited Liability Company Act

a.      To view this Act, click here.

3.      Uniform Partnership Act

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.