We moved to a new state in July and are filing here next month. I know we can use our old state for exemptions which is awesome because we can use state or federal and both are better than where we live now. But what state median do we use or old state or new?
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We moved too, and did not have 2 years in the New State when we filed.
Our attny used the New State's Median on the Means Test. Since we were below the Median, he didn't have to use any Standard Allowable expenses. Then, our attny applied our Old State's Exemptions Statutes to our property on Schedule C.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...
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