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FLORIDA STATUTORY EXEMPTIONS
WARNING! THIS LIST MAY HAVE
CHANGED DUE TO THE REVISIONS OF THE
FEDERAL BANKRUPTCY ACT
SEE YOUR ESTATE PLANNING
ATTORNEY FOR CHANGES AND EFFECTIVE DATES
REFERENCE
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DESCRIPTION / REMARKS
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LIMIT OR
ALLOWANCE
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FL Const.Art. 10 Sect.
4,
FSA 222.01
FSA 222.02
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Homestead of any
person --- 160 contiguous acres of land and improvements if
located outside a municipality or 1/2 acre of contiguous land
and improvements if within a municipality. Must be used as a
residence by the owner or his family and must be legally
"set apart". Exemption available before or after
levy.
NOTE:
Under Florida
law,
homestead exemption may not be used to shield property from:
(1) payment of taxes and assessments thereon; (2) obligations
contracted for the purchase, improvement or repair thereof; or
(3) obligations contracted for house, field or other labor
performed on realty.
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Unlimited or 100% up to
$125,000 equity if Bankruptcy is filed. More if owned more than
40 months with new BR law.
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FL Const. Art. 10, Sect.
4
FSA 222.061
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Personal property of any
nature
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$1,000
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11 U.S.C. 522 (b)(2)(B)
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Tenancies by the
entirety
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100%
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FSA 112.215(10)(a)
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Government employees
deferred compensation benefits
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100%
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FSA 112.363(9)
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Retired public employees
health insurance benefits
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100%
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FSA 121.131
FSA 121.055(6)(e)(2)
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Public employees
retirement benefits
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100%
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FSA 122.15
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State and County
employees retirement benefits
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100%
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FSA 175.241
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Fireman retirement
benefits
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100%
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FSA 185.25
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Police retirement
benefits
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100%
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FSA 222.05
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Dwelling house, mobile
home used as residence, or modular home, owned and occupied by
the debtor on the land on another
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100%
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FSA 222.11
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Disposable earnings:
Exempt earnings in bank accounts are exempt for 6 months if
traceable.
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100%
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FSA 222.13
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Proceeds of life
insurance policies of resident insured payable to another
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100%
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FSA 222.14
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Proceeds of annuity
contracts of state residents or citizens.
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100%
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FSA 222.14
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Cash surrender value of
life insurance policies on lives of state residents
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100%
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FSA 222.18
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Disability income
benefits under any policy or contract of life, health, accident,
or other insurance
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100%
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FSA 222.201
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Property listed in 11 U.
S. C. 522(d)(10) . (100% of federal exemptions amounts)
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100%
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FSA 222.21(1)
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Pension money of U. S.
pensioner. (3 months pension if needed for support of debtor or
family)
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100%
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FSA 222.21(2)
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Benefits and
contributions to retirement or profit sharing plan, if plan is
qualified under the Internal Revenue Code
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100%
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FSA 222.22
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Monies paid into or out
of Prepaid College Trust Fund or Medical Savings Account
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100%
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FSA 222.25(1)
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A debtor's interest, not
to exceed $1,000 in value, in a single motor vehicle, as defined
in FSA ง320.01
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$1,000
equity
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FSA 222.25(2)
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Professionally
prescribed health aids
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100%
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FSA 238.15
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Teachers retirement
benefits
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100%
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42 U.S.C. Chap. 7, Sect.
407
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Old age assistance
benefits
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100%
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FSA 440.22
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Workmen's compensation
benefits
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100%
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FSA 443.051(2)
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Unemployment
compensation benefits
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100%
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FSA 620.8501
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Specific partnership
property
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100%
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FSA 632.619
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Fraternal Benefit
Society benefits
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100%
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FSA 744.626
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Veterans benefits
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100%
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FSA 769.05
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Damages for injuries or
death awarded to employees in hazardous occupations
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100%
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Also review lien
priorities in Florida
- Protect your Wages
- Protect your Family
- Protect your Home
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