14-2403

14-2403. Exempt property; value;
priority

A. In addition to the homestead allowance, the decedent's surviving spouse is
entitled from the estate to a value that is not more than seven thousand dollars in
excess of any security interests in that estate in the following:

1. Household furniture.

2. Automobiles.

3. Furnishings.

4. Appliances.

5. Personal effects.

B. If there is no surviving spouse the decedent's minor and dependent children are
entitled jointly to the same value as prescribed in subsection A of this section.

C. If encumbered chattels are selected and the value in excess of security
interests and that of other exempt property is less than seven thousand dollars or if
there is not seven thousand dollars worth of exempt property in the estate, the spouse or
minor or dependent children are entitled to any other assets of the estate to the extent
necessary to make up the seven thousand dollar value.

D. Rights to exempt property and assets needed to make up a deficiency of exempt
property have priority over all claims against the estate except expenses of
administration. The right to any assets to make up a deficiency of exempt property
abates as necessary to permit earlier payment of the homestead allowance and family
allowance. These rights are chargeable against any benefit or share passing to the
surviving spouse or minor or dependent children by the decedent's will by a nonprobate
transfer pursuant to section 14-6102 or by intestate succession, unless otherwise
provided by the decedent's will or by the governing instrument for a nonprobate transfer.