Exemptions Flashcards

1
Q

What are the different va exemptions?

A

Poor man’s

Homestead

Injured veteran

Federal exemptions

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2
Q

Va poor man’s exemption from creditor recovery

A

Fam bible
Wedding ring
Pets
Clothing up to $1000
One gun
Car up to 6k

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3
Q

Homestead exemption

A

Wildcard of 5k personal/real property

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4
Q

Homestead exemption for old people

A

If over 65, wildcard of 10k

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5
Q

Homestead exemption when you have dependents

A

Add $500 for each

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6
Q

Injured vet exemption

A

Military service disability of 40%

AND

10k additional wildcard

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7
Q

Federal exemptions

A

Social security

Veteran benefits

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