TYPE OF PROPERTY
|
AMOUNT OF EXEMPTION |
STATUTE |
|
Homestead, consisting of debtor’s equity in real
property used as residence. 1 apartment of
horizontal property regime, or mobile home and land
upon which located. |
$150,000 (as of 8/25/04) – as against nonconsensual
liens. Total exemption of $150,000 for both
spouses. Applies to identifiable cash proceeds of
homestead sale for 18 months after sale.
In
bankruptcy may be limited to $125,000 11 USC 522(p). |
A.R.S. § 33-1101; A.R.S. § 33-1104 – consensual
liens. Excluded; A.R.S. § 33-1102 (recording not
required). Title in a claimant’s revocable trust
does not normally abandon homestead. ARS. §
33-1104(E) |
|
Kitchen table/4 chairs: dining table/4 chairs (plus
1 for each dependant over 4), Living room: couch,
chair, plus 1 chair per dependant, 3 coffee/end
tables, 3 lamps, rug: 2 beds, plus 1 per dependant,
bed table, dresser, lamp, bedding for each:
pictures, Oil Paintings and drawings made by
debtor, family portraits, TV or stereo, radio,
stove, refrigerator, washer, dryer, and vacuum. |
$4,000 aggregate value |
A.R.S. § 33-1123 |
|
Food, fuel and provisions for 6 months used by
Debtor and family |
100% |
A.R.S.
§ 33-1124 |
|
Wearing apparel |
$500 |
A.R.S. § 33-1125(1) |
|
Musical instruments of Debtor and family |
$250 |
A.R.S. § 33-1125(2) |
|
Domestic pets, horses, milk cows and poultry |
$500 |
A.R.S. § 33-1125(3) |
|
Engagement and Wedding rings |
$1,000 |
A.R.S. § 33-1125(4) |
|
Library |
$250 |
A.R.S. § 33-1125(5) |
|
Typewriter, bicycle, sewing machine, family bible,
burial lot, rifle, shotgun or pistol. |
$500 |
A.R.S. § 33-1125(7) |
|
Watch |
$100 |
A.R.S. § 33-1125(6) |
|
Motor Vehicle (name must be on the title to claim
exemption) |
$5,000 ($10,000 if maimed or crippled) |
A.R.S. § 33-1125(8) |
|
Wheel Chair and prescribed health aids |
100% |
A.R.S. § 33-1125(9) |
|
Interest in retirement plan qualified under Internal
Revenue Code § § 401(a), 403(a)(b), 408, 408(a),
409, 457 (deferred comp)* |
100%
(except contributions within 120 days before filing
petition |
A.R.S. § 33-1126(B) |
|
Prepaid rent and security deposits for Debtor’s
residence |
Lesser of $1,000 or 1 ½ months rent. |
A.R.S. § 33-1126(C) |
|
Life
Insurance proceeds paid or payable to surviving
Spouse or child. |
$20,000 |
A.R.S. § 33-1126(A)(1) |
|
Life Insurance proceeds & cash values (group)
Life Insurance proceeds & cash value (individual) |
See statute
See statute |
A.R.S. §20-1132
A.R.S. §20-1131 |
|
Earning of minor child |
100% |
A.R.S. § 33-1126(A)(2) |
|
Health, accident or disability insurance |
100%
(certain debts excepted) |
A.R.S. § 33-1126(A)(4) |
|
Insurance proceeds for damage or destruction of
exempt property |
100%
of exemption given for damaged or destroyed
property. |
A.R.S. § 33-1126(A) |
|
Cash
surrender value of life insurance policies owned by
the debtor (owned for at least two unexpired
continuous years). |
100% (beneficiary must be a dependent) |
A.R.S. § 33-1126(A)(6)
A.R.S. § 20-1131(D) |
|
Damages for wrongful levy or execution |
100% |
A.R.S. § 33-1126(A)(8) |
|
One
single bank account (with the exception of social
security, all funds deposited into accounts lose
their exemption – such as retirement, etc). |
$150 |
A.R.S. § 33-1126(A)(9) |
|
Annuity (owned by DEBTOR for at least 2 years, bene.
must be family) warning: some annuity companies list
themselves as owner |
100% |
A.R.S. § 33-1126(A)(7) |
|
Necessary tools, equipment, instruments and books
used in business or profession. |
$2,500 (does not include vehicle used primarily for
personal use) |
A.R.S. § 33-1130(1) |
|
Machinery, utensils, fee, grain, seed and animals of
farmer. |
$2,500 (primary income from farming) |
A.R.S. § 33-1130(2) |
|
Arms, uniforms/ accoutrements required by law |
100% |
A.R.S. § 33-1130(3) |
|
Net
disposable earnings, includes bonuses and
commissions (less deductions required by law)
includes pension and retirements payment. |
75%
or 30 X the federal minimum hourly wage, per week,
whichever is greater. Does not apply to child
support obligations. |
A.R.S. § 33-1131 |
|
Unemployment compensation benefits |
100% |
A.R.S. § 23-783 |
|
Workmen’s compensation benefits |
100% |
A.R.S. § 23-1068 |
|
Welfare assistance |
100% |
A.R.S. § 46-208 |
|
Long
Term Disability Program Benefits |
100% |
A.R.S. §38-797.11 |
|
Child support or maintenance |
100% |
A.R.S. § 33-1126(A)(3) |
|
School Equipment used to teach |
100% |
A.R.S. § 33-1127 |
|
Firefighting equipment |
100% |
A.R.S. § 33-1128 |
|
Property that belongs to the public |
100% |
A.R.S. § 33-1129 |
|
Arizona Rangers’ pensions |
100% |
A.R.S. §41-955 |
|
Firemen’s relief and pension benefits |
100% |
A.R.S. § 9-968 |
|
Corrections Officer Retirement Plan |
100% |
A.R.S. §38-897 |
|
Police pension benefits |
100% |
A.R.S. § 9-931 |
|
Teacher’s retirement benefits |
100% |
A.R.S. § 43-1201 |
|
State employee’s retirement benefits |
100% |
A.R.S. § 38-792 |
|
Public Safety Personnel Retirement |
100% |
A.R.S. § 38-850C |
|
Arizona Rangers’ pensions |
100% |
A.RS.
§ 41-955 |
|
Fraternal Benefit Society benefits |
100% |
A.R.S. § 20-881 |
|
Social Security (protected in bank account if NOT
co-mingled) |
100% |
42
U.S.C. 407(a), SEC 207 |
