Allows surviving spouse to claim deceased spouse's homestead exemption if jointly owned home is retained.

West Virginia HB4340 amends the state code to allow a surviving spouse to claim the deceased spouse's homestead exemption, provided the jointly owned home remains in the surviving spouse's possession. This bill specifies exemptions in bankruptcy proceedings, including personal property, household goods, and certain life insurance proceeds. The amendments apply to bankruptcies filed after the bill's effective date.

Allows surviving spouse to claim deceased spouse's homestead exemption if jointly owned home is retained.

West Virginia HB4340 amends the state code to allow a surviving spouse to claim the deceased spouse's homestead exemption, provided the jointly owned home remains in the surviving spouse's possession. This bill specifies exemptions in bankruptcy proceedings, including personal property, household goods, and certain life insurance proceeds. The amendments apply to bankruptcies filed after the bill's effective date.