Maine Financial Planning Exemptions
- Retirement Accounts Exemption: up to $1,000,000
- Homestead Exemption: $47,500 for individual or $95,000 if minor dependents live with owner, or if 60 or older or if physically or mentally disabled.
- 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.
DISCLAIMER: These codes may not be the most current version. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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!