Tennessee Exempt Property is a set of assets and resources that are specifically exempt from creditors in the state of Tennessee. These assets may include items such as a homestead, insurance policies, money in a qualified retirement account, and certain types of personal property. The exemptions are provided for in the Tennessee Code Annotated, Title 26, Chapter 2. There are several types of Tennessee Exempt Property, including: • Homestead Exemption: This allows a debtor to protect up to $5,000 of real property, such as a home, from creditors. • Insurance Exemption: This protects life insurance proceeds, annuities, and disability or health insurance benefits from creditors. • Retirement Account Exemption: This protects the money in a qualified retirement account, such as a 401(k) or IRA, from creditors. • Personal Property Exemption: This provides protection for certain personal items, such as clothing, household furnishings, tools of the trade, and vehicles with a value of up to $3,000.