Are workmen's compensation funds deposited into a bank account exempt from execution of a levy from the department of revenue?
I(i) Life insurance claims, personal injury or wrongful death claims.
1. Any of the following payments:
a. A payment to the debtor under a life insurance contract that insured the life of an individual of whom the debtor was a dependent on the date of that individual's death, to the extent reasonably necessary for the support of the debtor and the debtor's dependents.
b. A payment resulting from the wrongful death of an individual of whom the debtor was a dependent, in an amount reasonably necessary for the support of the debtor and the debtor's dependents.
c. A payment, not to exceed $50,000, resulting from personal bodily injury, including pain and suffering or compensation for actual pecuniary loss, of the debtor or an individual of whom the debtor is a dependent.
[ d. A payment in compensation of loss of future earnings of the debtor or an individual of whom the debtor is or was a dependent in an amount reasonably necessary for the support of the debtor and the debtor's dependents.
2. Any property traceable to payments under subd. 1. is exempt
I want to say that the highlighted portion would be a telling sign that workmen's comp benefits would be exempt, but of course it doesn't come right out and say it.
Does anyone else have any experience with this?
_________________________
Go Packers