Asset Protection Society

Home Kentucky State Asset Protection Laws

Kentucky Asset Protection Summary Homestead Exemption

In addition to any other personal property exemptions, an owner’s aggregate interest in real property used as a permanent residence is exempt up to $5,000. To see this statute, click here.

Life Insurance and Annuities

 

Proceeds and avails of a life insurance policy are exempt.  To view this statute, click here.

 

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

 

Benefits, rights, privileges, and options under an annuity contract are exempt up to $350 per month.  To view this statute, click here.

 

IRA

 

IRAs are exempt.  To view this statute, click here.

 

Health Insurance

 

Proceeds and avails from contracts and policies of health insurance, supplemental to policies of life insurance or annuity contracts, are exempt.  To view this statute, click here.

Corporate Protection

 

 

Charging Order

 

As a judgment creditor’s exclusive remedy, a charging order may placed against a debtor-partner’s partnership interest for payment of any unsatisfied amount with interest.  This charging order constitutes a lien on the debtor-partner’s transferable partnership interest.  To see this section of the Uniform Limited Partnership Act, click here.  To see this section of the Revised Uniform Partnership Act, click here.

 

Business Acts

 

1.      Business Corporation Act

a.      To view this Act, click here.

2.      Kentucky Limited Liability Company Act

a.      To view this Act, click here.

3.      Kentucky Revised Uniform Partnership Act (2006)

a.      To view this Act, click here.

4.      Kentucky Uniform Limited Partnership Act (2006)

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.