Asset Protection Society

Home Kansas State Asset Protection Laws

Kansas Asset Protection SummaryHomestead Exemption

Not to exceed one acre within the city limit and 160 acres, a manufactured home or a mobile home occupied by an owner and his/her family as a personal residence are exempt.  To see this statute, click here.

Life Insurance and Annuities

A policy of life insurance and its reserves are exempt from creditors (40-414(a)).  The nonforfeiture value of a life insurance policy is not exempt from creditors arising within one year from the issuance of the policy (40-414(b)). To see this statute, click here.

 

Annuities are exempt from legal process.  To see this statute, click here.

 

IRA

ERISA qualified plans and any money assets in a retirement plan are exempt.  To see this statute, click here.

Corporate Protections

Charging Order

 

As a judgment creditor’s exclusive remedy, a charging order may be placed on a debtor-partner’s partnership interest charging that interest with payment of any unsatisfied debts with interest.  This charging order constitutes a lien on the debtor-partner’s transferable interest.  To see this Act, click here.

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

 

 

Business Acts

 

1.      Kansas Revised Limited Liability Company Act

a.      To view this Act, click here.

2.      Kansas Uniform Partnership Act

a.      To view this Act, click here.

3.      Kansas Revised 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.