This is an Official form adopted by the California Judicial Council for use in California Courts.
Burbank, California has specific dollar amounts of exemptions from enforcement of judgments that are important for residents and individuals involved in legal matters. These exemptions provide protection to certain types of property and income from being seized as a result of a judgment. Understanding these exemptions and their dollar amounts can be crucial in ensuring financial security and asset protection. The following are the different types of Burbank, California current dollar amounts of exemptions from enforcement of judgments: 1. Homestead exemption: In Burbank, California, individuals who own a home or a manufactured home can claim a homestead exemption. The current dollar amount for this exemption is $75,000 for individuals (single or married, but filing separately) and $100,000 for married couples or heads of households. 2. Motor vehicle exemption: Burbank residents can exempt their motor vehicles from enforcement of judgments up to a certain value. The current dollar amount for motor vehicle exemption is $3,525 for one vehicle. 3. Tools of trade exemption: Individuals who rely on specific tools and equipment for work purposes can claim an exemption for such tools of trade. The current dollar amount for tools of trade exemption is $8,725. 4. Household goods and furnishings exemption: Burbank residents can exempt certain household goods and furnishings from judgments. The current dollar amount for this exemption is $9,600. 5. Jewelry, arts, and heirlooms exemption: Individuals in Burbank can protect their valuable jewelry, arts, and heirlooms from enforcement of judgments. The current dollar amount for this exemption is $8,000. 6. Life insurance cash surrender value exemption: The current dollar amount of exemptions for the cash surrender value of a life insurance policy is $16,725 for individual policyholders and $33,450 for married couples. 7. Retirement accounts exemption: Retirement accounts such as IRAs and 401(k)s held by individuals are exempt from enforcement of judgments. There is no specific dollar limit for this exemption. It is important to note that these dollar amounts are subject to change over time due to updates in legislation or court rulings. It is recommended to consult with a legal professional or reference the official laws and statutes to obtain the most accurate and up-to-date information regarding Burbank, California's current dollar amounts of exemptions from enforcement of judgments.Burbank, California has specific dollar amounts of exemptions from enforcement of judgments that are important for residents and individuals involved in legal matters. These exemptions provide protection to certain types of property and income from being seized as a result of a judgment. Understanding these exemptions and their dollar amounts can be crucial in ensuring financial security and asset protection. The following are the different types of Burbank, California current dollar amounts of exemptions from enforcement of judgments: 1. Homestead exemption: In Burbank, California, individuals who own a home or a manufactured home can claim a homestead exemption. The current dollar amount for this exemption is $75,000 for individuals (single or married, but filing separately) and $100,000 for married couples or heads of households. 2. Motor vehicle exemption: Burbank residents can exempt their motor vehicles from enforcement of judgments up to a certain value. The current dollar amount for motor vehicle exemption is $3,525 for one vehicle. 3. Tools of trade exemption: Individuals who rely on specific tools and equipment for work purposes can claim an exemption for such tools of trade. The current dollar amount for tools of trade exemption is $8,725. 4. Household goods and furnishings exemption: Burbank residents can exempt certain household goods and furnishings from judgments. The current dollar amount for this exemption is $9,600. 5. Jewelry, arts, and heirlooms exemption: Individuals in Burbank can protect their valuable jewelry, arts, and heirlooms from enforcement of judgments. The current dollar amount for this exemption is $8,000. 6. Life insurance cash surrender value exemption: The current dollar amount of exemptions for the cash surrender value of a life insurance policy is $16,725 for individual policyholders and $33,450 for married couples. 7. Retirement accounts exemption: Retirement accounts such as IRAs and 401(k)s held by individuals are exempt from enforcement of judgments. There is no specific dollar limit for this exemption. It is important to note that these dollar amounts are subject to change over time due to updates in legislation or court rulings. It is recommended to consult with a legal professional or reference the official laws and statutes to obtain the most accurate and up-to-date information regarding Burbank, California's current dollar amounts of exemptions from enforcement of judgments.
