Pennsylvania
The
state Pennsylvania
has no homestead protection,
although property in
tenancy by the entireties
may be protected if
only one spouse is
sued. Pennsylvania
also protects properly
structure life insurance
arrangements and some
pension plans.
Rhode
Island
Under
its system, the state
of Rhode Island does
not offer homestead
protection. However,
there is exemption
for properly-structured
life insurance policies,
as are IRAs and Employee
Retirement Income Security
Act (ERISA) qualified
plans
South
Carolina
The
Palmetto State of South
Carolina is the most
progressive and aggressive
state to develop captive
insurance and related
businesses. Otherwise,
this state offers nominal
homestead exemption,
inconsistent protection
for life insurance,
and complete protection
for annuity proceeds.
South
Dakota
Debtors
in South Dakota may
only choose from the
state bankruptcy exemptions.
If
you would like more
information regarding
asset protection, trusts,
family limited partnerships
or the subject of this
article please call
or email our office.
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