Motion to Claim Exempt Property - Statutory Exemptions - Use if Judgment Filed After 1-1-06 - Draft: This is an official form from the North Carolina Administration of the Courts - AOC, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.
A Mecklenburg North Carolina Motion to Claim Exempt Property — Statutory Exemption— - Use if Judgment Filed After 1-1-06 is a legal document that allows individuals who have had a judgment filed against them to protect certain types of property from being seized to satisfy the judgment. This motion is applicable to judgments filed after January 1, 2006, as the exemption laws changed on that date. There are various types of property that can be claimed as exempt under this motion. Some common statutory exemptions include: 1. Homestead Exemption: This exemption covers a person's primary residence, protecting it from being taken to satisfy the judgment. The value of the homestead exemption varies depending on factors such as the location and marital status of the individual. 2. Motor Vehicle Exemption: Individuals can claim an exemption for one motor vehicle, which can be a car, truck, or motorcycle. The exemption amount is limited to a certain value, and any vehicle exceeding this value may not be fully protected. 3. Personal Property Exemption: This exemption covers household goods, furnishings, appliances, clothing, and other personal items necessary for daily living. The value of the personal property exemption is limited, and luxury items may not be protected. 4. Tools of the Trade Exemption: This exemption allows individuals to protect certain tools, equipment, and materials used in their profession or trade. The value of the tools of the trade exemption is limited and may vary depending on the occupation. 5. Retirement Benefits Exemption: This exemption safeguards various types of retirement benefits, such as pensions, IRAs, and 401(k)s. The exempted amount may depend on the specific retirement plan and the individual's age. It is crucial to carefully review the applicable statute and legal requirements when filing a Motion to Claim Exempt Property. It is advisable to consult with a qualified attorney to ensure compliance and to determine the best strategy for protecting your property. Remember that this information serves as a general overview and does not constitute legal advice.A Mecklenburg North Carolina Motion to Claim Exempt Property — Statutory Exemption— - Use if Judgment Filed After 1-1-06 is a legal document that allows individuals who have had a judgment filed against them to protect certain types of property from being seized to satisfy the judgment. This motion is applicable to judgments filed after January 1, 2006, as the exemption laws changed on that date. There are various types of property that can be claimed as exempt under this motion. Some common statutory exemptions include: 1. Homestead Exemption: This exemption covers a person's primary residence, protecting it from being taken to satisfy the judgment. The value of the homestead exemption varies depending on factors such as the location and marital status of the individual. 2. Motor Vehicle Exemption: Individuals can claim an exemption for one motor vehicle, which can be a car, truck, or motorcycle. The exemption amount is limited to a certain value, and any vehicle exceeding this value may not be fully protected. 3. Personal Property Exemption: This exemption covers household goods, furnishings, appliances, clothing, and other personal items necessary for daily living. The value of the personal property exemption is limited, and luxury items may not be protected. 4. Tools of the Trade Exemption: This exemption allows individuals to protect certain tools, equipment, and materials used in their profession or trade. The value of the tools of the trade exemption is limited and may vary depending on the occupation. 5. Retirement Benefits Exemption: This exemption safeguards various types of retirement benefits, such as pensions, IRAs, and 401(k)s. The exempted amount may depend on the specific retirement plan and the individual's age. It is crucial to carefully review the applicable statute and legal requirements when filing a Motion to Claim Exempt Property. It is advisable to consult with a qualified attorney to ensure compliance and to determine the best strategy for protecting your property. Remember that this information serves as a general overview and does not constitute legal advice.
