How does the wildcard *really* work?

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Yahoo Bot
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Joined: Sun Oct 18, 2020 11:38 pm


Hello all:I thought I knew how the wildcard works, and now I'm doubting myself.Ideally, I'd like to exempt about $5,000 of financial assets and $20,000 of the client's homestead (there is $70,000 of equity in the homestead, but figuring that the trustee will pay 8 percent to sell it, I only feel the need to exempt $20,000).Can I do this? Or do I need to split the wildcard and homestead, applying only wildcard ($1,625) to financial assets and homestead ($26,800) only to his real estate, because there is real estate?Thanks for any comments here.- John D. Faucher

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