Asset Protection Society

Protecting Your Net Worth

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Property that is used as a residence by the debtor or a dependent of the debtor or a burial plot is exempt from creditors up to an aggregate value of $18,500.

If the debtor is unmarried and 65 years of age or older, $37,000 may be exempt; for this increased exemption the property must have been owned, by this debtor, as tenants by the entirety or joint tenants with rights of survivorship.  This debtor’s co-owner must have predeceased him.

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