Can't find any comments on clarifiying this issue so will try it here. It appears from reading the CA System 2 of exemptions (and a few other comments elsewhere) that cash that is in your assets list that was earned via your soc security monthly income is covered by the exemptions under public benefits? Anybody understand this one well enough to offer a comment either way. If so, it would even leave more assets for use with the wild card... It is 80% of my income so seems easy to give any cash that designation.
A second question comes to mind - the cash value of a Whole Life policy - small in my case - is that covered by the Insurance exemptions?
I have tried to find the place where the actual verbage of the law site fo reach of the exemptions in calif is but no luck....guess since we are expected to reference those numbers we should be able to read them in detail? Anybody have a good link for the CA code?
Also asked a question on Hardship for old guys on SLs under that link so if any one wnats to check it out and comment I'd love it....I'm a newbie here so there might be a better way of doing this but I'll learn.
Comments?
Thx, Gary
A second question comes to mind - the cash value of a Whole Life policy - small in my case - is that covered by the Insurance exemptions?
I have tried to find the place where the actual verbage of the law site fo reach of the exemptions in calif is but no luck....guess since we are expected to reference those numbers we should be able to read them in detail? Anybody have a good link for the CA code?
Also asked a question on Hardship for old guys on SLs under that link so if any one wnats to check it out and comment I'd love it....I'm a newbie here so there might be a better way of doing this but I'll learn.
Comments?
Thx, Gary
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