Exemptions Flashcards
1
Q
What are the different va exemptions?
A
Poor man’s
Homestead
Injured veteran
Federal exemptions
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
3
Q
Homestead exemption
A
Wildcard of 5k personal/real property
4
Q
Homestead exemption for old people
A
If over 65, wildcard of 10k
5
Q
Homestead exemption when you have dependents
A
Add $500 for each
6
Q
Injured vet exemption
A
Military service disability of 40%
AND
10k additional wildcard
7
Q
Federal exemptions
A
Social security
Veteran benefits
