New
Jersey
New
Jersey is a creditor-friendly
state that offers no
homestead exemption
but does have some
protection to properly
structured insurance
arrangements.
New
Mexico
The
state of New Mexico
offers a nominal homestead
exemption, but protects
life insurance arrangements
if the beneficiary
should be a resident
of New Mexico. However,
this is a unique restriction
and may be contestable
on Constitutional grounds.
New
York
New
York provides a pathetically
small homestead exemption,
does not give annuities
any kind of meaningful
protection, and makes
it difficult to protect
life insurance. Needless
to say, anyone who
plans on moving to
New York will need
a great deal of asset
protection planning.
North
Carolina
North
Carolina chose not
to be part of the federal
bankruptcy exemption
structure, which means
that a North Carolina
debtor has to choose
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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