CA wildcard exemption question

[adaughter]

So our lawyer said that there is a upto 21000 wildcard exemption in California but I have been looking at various sites and many say that it is only 925 and I looked at both systems. Does anyone know if there a special government site that shows the legitmate exemption systems? Thanks

[ready2puke]

Every attorn I saw said the same thing. I think what they are looking at is adding up the Homestead and wildcard together...its 21k tho

[Cali]

It is unused portion of homestead, 20,725$ plus 1100$ wildcard. Total 21,825$.
This is under System 2.

[ready2puke]

Cali isnt that what I just said ??? lol

Maybe I just wasnt clear.

[Cali]

I am unclear to why you posted this. Since all I did was post the actual amounts, where they come from and what system they come from.

Maybe I just wasnt clear.

[BROKENN]

It is unused portion of homestead, 20,725$ plus 1100$ wildcard. Total 21,825$.
This is under System 2.

Exactly correct. I used this one.

System 1 is **usually** to keep your house.

[adaughter]

okay so one more question to clear it up "unused homestead" means- it counts towards cash and bank accounts I'm hoping?-thanks

[BROKENN]

Yes, a wildcard, can go for anything. Accounts, jewelry, cars, cash, tools, anything

[adaughter]

I'm sorry I know I should understand this by know I feel dumb asking this again but is the unused homestead the wildcard also?

[BROKENN]

I'm sorry I know I should understand this by know I feel dumb asking this again but is the unused homestead the wildcard also?

No such thing as a stupid question

And the answer is yes