Arkansas’ exemptions are limited to residents. “Residents of
this state having the right to claim exemptions in a bankruptcy
proceeding pursuant to 11 U.S.C. § 522 shall have the right to
elect either: (i) The property exemptions provided by the
Constitution and the laws of the State of Arkansas; or (ii) The
property exemptions provided by 11 U.S.C. § 522(d).” Ark.
Code Ann. § 16-66-217. The homestead exemption is limited
to “any resident of this state” (Ark. Code Ann. § 16-66-210)
and “[a]ll moneys paid or payable to any resident of this state
as the insured or beneficiary designated under any insurance
policy or policies providing for the payment of life, sick,
accident, or disability benefits” are exempt. Ark. Code Ann. §
16-66-209. Also, some of Arkansas’ statutory exemptions have
been ruled unconstitutional. In re Holt, 894 F.2d 1005 (8th Cir.