Minnesota Exemptions

NOTE: § 550.37(4)(a) requires that certain exemptions be adjusted for inflation on July 1 of even-numbered years. The below exemptions include changes through 7/1/94. For additional information, contact the Minnesota Department of Commerce.

Homestead
Real property, mobile home or manufactured home to $200,000 or, if the homestead is used primarily for agricultural purposes, $500,000; cannot exceed ½ acre in city or 160 acres elsewhere
510.01, 510.02,
550.37 subd. 12

Insurance
Accident or disability proceeds
550.39

Fraternal benefit society benefits
64B.18

Life insurance proceeds if beneficiary is spouse or child of insured to $32,000, plus $8000 per dependent
550.37 subd. 10

Police, fire or beneficiary association benefits
550.37 subd. 11

Unmatured life insurance contract dividends, interest or loan value to $6400 if insured is debtor or someone debtor depends on
550.37 subd. 23

Miscellaneous
Earnings of minor child
550.37 subd. 15

Property of business partnership
323.24

Pension
ERISA-qualified benefits needed for support, which do not exceed $48,000 in present value
IRAs needed for support, which do not exceed $48,000 in present value
Private retirement benefits (only benefits building up)
Public employees
State employees
State troopers
550.37 subd. 24
550. 37 subd. 24
181B.16
353.15
352.96
352B.071

Personal property
Appliances, furniture, radio, phonographs & TV to $7200 value
550.37 subd. (4)(b)

Bible, books & musical instruments
550.37 subd. 2

Burial plot; church pew or seat
550.37 subd. 3

Clothing (includes watch), food & utensils
550.37 subd. 4(a)

Motor vehicle to $3200 (up to $32,000 if vehicle has been modified for disability)
550.37 subd. 12(a)

Personal injury recoveries
550.37 subd. 22

Proceeds for damaged exempt property
550.37 subds. 9, 16

Wrongful death recoveries
550.37 subd. 22
Public benefits
AFDC, supplemental assistance, general assistance, SSI/SSA
550.37 subd. 14

Crime victims compensation
611A.60

Unemployment compensation
268.17 subd. 2

Veterans’ benefits
550.38

Workers’ compensation
176.175
Tools of trade
total tools of trade (except teaching materials) can’t exceed $13000
Farm machines, implements, livestock, farm produce & crops of farmers to $13,000 total
550.37 subd. 5

Teaching materials (including books, chemical apparatus) of public school teacher
550.37 subd. 8

Tools implements, machines, instruments, furniture, stock in trade & library to $8000 total
550.37 subd. 6

Wages
Earned but unpaid wages, paid within 6 months of returning to work if debtor received welfare in the past
550.37 subd. 5

Minimum 75% of earned but unpaid wages
571.922

Wages deposited into bank accounts for 20 days after depositing
550.37 subd. 13

Wages of released inmates paid within 6 months of release
550.37 subd. 14

All Earnings not subject to garnishment restrictions
550.37 subd. 13

WILD CARD
NONE

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