November 24, 2014

Oklahoma State Asset Protection Laws

Oklahoma Asset Protection Summary

 

Homestead Exemption

 

The Homestead exemption in Oklahoma is unlimited; the statute says, as long as the home is the principal residence.  To see this statute, click here.

 

Life Insurance and Annuities

 

Policy proceeds and cash values under any life, health, or accident insurance company, or plan or program of annuity benefits are exempt.  To view this statute, click here.

 

Policies of any group life insurance and its proceeds are exempt.  To view this statute, click here.

 

IRA

IRAs are exempt.  To view this statute, click here.

 

 

Corporate Protections

 

Charging Order

As the judgment creditor’s exclusive remedy, a charging order may be placed on the debtor-partner’s partnership interest.  This will constitute a lien on the debtor-partner’s transferable interest in the partnership.  To see this statute, please click here.

Business Acts

 

1.      Oklahoma Corporations Act

a.      To view this Act, please click here.

2.      Oklahoma Revised Uniform Partnership Act

a.      To view this Act, please click here.

 

The Asset Protection Society makes every attempt to keep the material on its web-pages up to date and accurate. Having said that, The APS does not warrant the material on this site and you should ALWAYS seek out the advice of a local advisor in your state who can give you individual advice for your particular situation and confirm the status of your state laws.