State Asset Protection Laws Vary Widely
In a state court proceeding (e.g., execution of a judgment lien), you must rely on the applicable state's exemptions to protect your property from your creditors. Also, your state's asset exemption laws will apply in bankruptcy, unless you live in Arkansas, Connecticut, District of Columbia, Hawaii, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington or Wisconsin
States vary widely in what types of assets are exempt from the reach of creditors. What's more the value of assets that can be exempted will also vary widely. You need to know the law for your state and plan your asset protection strategy accordingly.
Click on your state on the map below for detailed information about its protected asset exemptions. Be sure to research the latest changes in your state's laws and be sure to consult with a qualified attorney.