Just another reminder on exemption creativity.
I own a car valued at ~ $11,000; the exemption is only $2,150. My attorney told me that I should consider getting a loan against the car (from either a lending institution or family member) and put the money into needed home improvements. I have no equity in my home, and the homestead exemption is $30,000. Just be sure the lender is added as a lien holder on the title.
I own a car valued at ~ $11,000; the exemption is only $2,150. My attorney told me that I should consider getting a loan against the car (from either a lending institution or family member) and put the money into needed home improvements. I have no equity in my home, and the homestead exemption is $30,000. Just be sure the lender is added as a lien holder on the title.
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