West Virginia Asset Protection Summary
The Homestead exemption is $25,000. This is available for property that the debtor or a dependent of the debtor uses as a residence or a burial plot. To see this statute, please click here.
Life Insurance and Annuities
Proceeds and avails of life insurance policies are exempt. To see this statute,
Group life insurance proceeds are exempt for creditors. To see this statute, click here.
IRA and Annuity
ERISA qualified benefits, including IRAs, are exempt if needed for support. To see this statute, click here.
Charging Order Protections
As the judgment creditor’s exclusive remedy a charging order may placed against the debtor-partner’s transferable partnership interest. This charging order constitutes a lien on the judgment-debtor’s transferable interest in the partnership. This does not deprive the debtor-partner of any rights regarding his interest in the partnership. To view this section of the Uniform Limited Partnership Act, click here.
West Virginia 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.