Louisiana

The state of Louisiana is one of the most creditor-friendly jurisdictions in the U.S., offering little protection for homestead, life insurance, or annuities. In addition, Louisiana’s version of the Uniform Fraudulent Transfers Act has been tweaked slightly making it even more pro-creditor.

Maine

The homestead exemption in Maine is $35,000. The state of Maine protects life insurance proceeds, annuity payments up to $450 per month, along with a variety of retirement-oriented plans.

Maryland

The state of Maryland has no homestead exemption. However, it does protect properly structured life insurance arrangements. Other then that, Maryland is an unremarkable debtor-creditor state.

Massachusetts

The state of Massachusetts has reasonable homestead exemption and protects properly-structured insurance and annuity contracts.

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.