Massachusetts Exemptions Summary:
Homestead
Automatic homestead $125,000; Declared homestead $500,000 for property you occupy or intend to occupy (including mobile home); (co-owners may not double) (special rules if over 62 or disabled, may double to 1,000,00).
Vehicle Exemption
$7,500; $15,000 if used by elderly or disabled debtor
Personal Property
Beds & bedding; heating unit; clothing
Bibles & books to $500 total; sewing machine/computer/TV to $300
Boats to $1,500
Cash for fuel, heat, water, or light to $500 per month
Cash to $2,500/month for rent, in lieu of homestead
2 cows, 12 sheep, 2 swine, 4 tons of hay
Food or cash for food to $600
Jewelry to $1,225
Household furnishings to $15,000;
Trust company, bank, or credit union deposits to $2,500
Tools of trade to $5,000
Materials, stock of trade $5,000
Wild Card
up to $1,000 plus up to $5,000 unused about of exemptions for automobile, household furnishings, and tools of trade