Summary Of Exempt Property {JGM-402} | Pdf Fpdf Doc Docx | Minnesota

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Summary Of Exempt Property {JGM-402} | Pdf Fpdf Doc Docx | Minnesota

Last updated: 1/16/2026

Summary Of Exempt Property {JGM-402}

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Description

JGM-402 - SUMMARY OF EXEMPT PROPERTY. This is a Minnesota District Court informational form that outlines the types of property and income that are protected from judgment collection. The form is provided to help individuals understand which assets may be claimed as exempt when completing the Financial Disclosure Form (JGM-301) in a post-judgment case. It summarizes common exemptions, including homestead property, wages and earnings, business tools, vehicles, household goods, pensions, retirement accounts, public assistance benefits, insurance proceeds, and certain personal property. The form is intended as a reference only and does not replace the statutes themselves. Claiming exemptions in bad faith may result in court-imposed penalties. Minn Stat. § 550.37. www.FormsWorkflow.com

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