WV HB2501

Allows a surviving spouse to claim up to $70,000 in homestead exemption (double the standard $35,000) if they were joint owners or tenants in common with their deceased spouse at the time of death

Exempts payments from any governmental entity that subsidize the adoption of a minor child from being claimed as property of the bankruptcy estate

Maintains existing exemptions including $35,000 for primary residence, $7,500 for one motor vehicle, $16,000 total for household goods, $2,000 for jewelry, and $3,000 for tools of the trade

Preserves the special $250,000 homestead exemption for physicians with at least $1 million in malpractice insurance who file bankruptcy due to a medical liability verdict