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Intangible Exemptions

Posted by attorney Dwayne Farnsworth

Certain assets are intangible. For example, bank accounts, investment accounts, stocks, bonds, security deposits, insurance proceeds, cash value life insurance proceeds, insurance proceeds for damaged or destroyed exempt assets, retirement accounts and pension plans. Even though they are intangible, these assets are still listed under Arizona’s exemption laws as being protected to a certain degree from the execution, levy, garnishment, or seizure by a judgment creditor.

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