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Bankruptcy Exemptions in Florida

In Florida there are several types of assets that are exempt from claims in most cases. Below each exemption type in BOLD are some examples of what is exempt

  • Your home and 1/2 acre in the city or 160 acres outside a city. Depending on the time you have owned the home, you may have unlimited protection in Florida.
Retirement Accounts
  • Retirement benefits - Public, Teachers, Police, Fireman, State employees100%
  • Retirement benefits - county and state officers and employees-100%
  • Retirement, profit-sharing, stock bonus plans, annuities qualified under IRS 1986-100%
  • Pension money of U.S. pensioner is limited to 3 months if needed for support
  • $1,000 of equity in one automobile per debtor

Personal Property $1000 per debtor

Additional Personal Property For Non-Homeowners
  • $4,000 of personal property per debtor (effective 07/01/2007)
Public Employees
  • Government employee benefits – 100%
  • Health insurance - public employees – 100%
Head of Family Wages
  • $500/week or less - 100 % protected
  • More than $500/week:75% or 30 X federal minimum wage is protected
Non-Head of Family Wages
  • 75% or 30 X federal minimum wage which ever is greater
  • Unemployment Compensation Benefits - 100% except for support obligations
Life Insurance
  • Life Insurance proceeds-100%
  • Cash surrender value or proceeds of annuity contracts-100%
  • Disability benefits-100%
  • Health aids, professionally prescribed-100%
  • Social Security, Public Assistance Benefits – 100%
  • Veteran's Benefits - 100%
  • Workers' compensation benefits – 100%
  • Damages for injury or death at work, hazardous occupations -100%
  • Alimony, child support - amount reasonably necessary
  • FL Prepaid College Trust Fund - 100%
  • Medical Savings Account -100%
  • Pre-need Funeral Contracts / Consumer Protection Trust Fund-100%
  • Partner's Interest in Partnership Property – 100%
  • Fraternal Benefit Society Benefits - 100%
  • Crime victim's compensation-100%
Client Reviews
"As a real estate agent, I have been involved with many property transactions where I needed a probate attorney to help facilitate the transaction. I have used the services of Mr. Goldman and his staff over the last several years and continue to use them on a regular basis. His office has been able to navigate the court system and help estates sell their property quickly and efficiently..." Michael Starling
"I've had Mr. Goldman do my entire estate planning as well as my gun trust. I highly recommend him and his firm. If you're planning a gun trust, trust no one else Mr. Goldman is one of if not the best versed on this topic." Howard
“Great service is an understatement. We bought several properties that Mr. Goldman handled for his clients. The communication and explanation of everything was terrific. I would definitely recommend him for all of your real estate needs.” Kassandra
“After struggling with 2 probate cases prior to hiring attorney Goldman I was extremely apprehensive during the hiring phase. Not only did Attorney Goldman assure me they could take care of this his office was wonderful. Jennifer was assigned to my case and she was wonderful and were able to guide another probate case I had saving me additional time and frustration. Highly recommend this office.” Debbie