Will BARF Affect State-specific Exemptions?
In my state the exemptions are (partially): Homestead -Real or personal property used as residence to $25,000; unused portion of homestead may be applied to any property Personal Property -Animals, crops, clothing, appliances, books, household goods, furnishings, musical instruments to $400 per item, $8,000 total -Burial plot to $15,000 in lieu of homestead Wild Card -$800 of any property -Unused portion of homestead or burial exemption, of any property I may have to declare br, after BARF passes. There will have been no income for eight or so months before filing. If the above exemptions stand, I think I may be able to keep my car (worth $5000 now) and meager possessions, the value of which altogether totals less than the exemptions listed above. If this isn't necessarily true, I'd like to know...
The exemptions provisions of BARF are still a bit uncertain, particularly as regards the homestead exemption.
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