Asset Protection Society

Home Vermont State Asset Protection Laws
Vermont Asset Protection Summary 

Homestead Exemption

There is a Homestead exemption not to exceed $75,000 in value; this exemption includes the dwelling house, outbuildings and land used in connection with it.  To see this statute, click here.

Life Insurance and Annuities

Life insurance proceeds are exempt.  To see this statute, click here.

A policy of group life insurance or group disability insurance and the proceeds payable are exempt.  To see this statute, click here.

The benefits, rights, privileges, and options under an annuity contract are exempt.  This exemption is limited to $350 per month.  To see this statute, click here.

IRA

ERISA qualified plans and IRAs are exempt.  To see the full statute, click here.

Disability

Proceeds and avails of policies and contracts providing benefits on account of the insured’s disability are exempt.  To see this statute, click here.

Corporate Protections

Charging Order

Under Vermont’s Limited Partnership Act, a judgment creditor may seek to charge the debtor-partner’s partnership interest with payment of any unsatisfied amount with interest.  To the extent charged, the judgment creditor has the rights of an assignee of the debtor-partner’s partnership interest.  To view this section of the Act, click here.

Under Vermont’s Partnership Act, a judgment creditor, may, as his/her exclusive remedy charge the debtor-partner’s partnership interest with payment of any unsatisfied debt with interest.  The charging order constitutes a lien on the debtor-partner’s transferable partnership interest.  To view this section of the Act, click here.

Business Acts

  1. Vermont Professional Corporation Act
    1. To view this Act, click here.
  2. Vermont Limited Liability Companies Act
    1. To view this Act, click here.
  3. Vermont Limited Partnership Act
    1. To view this Act, click here.
  4. Vermont Partnership Act
    1. 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.