Maine Financial Planning Exemptions

• Retirement Accounts Exemption: up to $1,000,000
• Homestead Exemption: $80k (generally) $160k if the debtor's minor dependents residewith the debtor, or if the debtor is over age 60 or cannot engage in gainful employment due to disability.
• Life Insurance Exemption: Interest of beneficiary in proceeds and avails 100% protected. Interest of owner protected up to $4,000.
• Annuity (Non-IRA/ERISA) Cash Value Exemption: 100% to the extent reasonably necessary for the support of the debtor and any dependent of the debtor.

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Homestead Exemption Amount as of 10/3/25

Yes, You Can Lose Everything!

You may think that your wealth is safe and that you don't need protection. But don't delude yourself and accept reality — for every 60 minutes you spend making money, spend 60 seconds thinking about how to protect it!