| Oregon Asset Protection Summary
Homestead Exemption The exemption ranges from $30,000 to $39,000. The Homestead exemption is $30,000; for two or more debtors, the combined exemption shall not exceed $39,600. The Homestead must be the actual abode, occupied by the owner’s spouse, parent, or child. (Title 18 § 395) To see this statute, click here. Life Insurance and Annuities
Proceeds (death benefit) from a policy of life insurance are exempt if for the benefit of someone other than the insured. To see this statute, click here. Group life insurance policies and the proceeds payable from such policy are exempt. To see this statute, click here.
Benefits, rights, privileges, and options under an annuity policy are exempt except, the total exempted benefits shall not exceed $500 per month. To see this statute, click here. IRA
ERISA qualified benefits are exempt. To see this statute, click here.
Health Insurance
Proceeds and avails of health insurance policies providing benefits on account of insured’s disability are exempt. 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.
Business Acts
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. |
