When it comes to protecting your assets from creditors, you couldn't live in a better state than Texas. Led by the famous homestead exemption, our debtor-friendly state shelters the meatiest components of an average family's wealth from creditors, including current wages, retirement accounts and college savings plans. "Texas is known to be one of the best debtor-friendly states, and it's because we have protections even in our constitution," said Debbie Cox, managing director and wealth adviser at JPMorgan Private Bank in Dallas. "The Texas Constitution is the foundation for protection of debtors from creditor actions in certain particular ways." Assets exempt from general creditor claims in...
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