Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."

This bill establishes New Jersey's "Veterans and Military Spouses Asset Protection Act," providing enhanced financial safeguards for veterans, active-duty service members, and their military spouses. It directly protects their primary and secondary homes from creditor claims (like forced sales for debt), exempts retirement accounts, pensions, disability benefits, and up to $30,000 in vehicle value per household, and extends these protections to surviving spouses. Key exceptions include mortgages, unpaid taxes, and debts from fraud or criminal activity. The law applies to debts incurred on or after January 1, 2025, and complements existing federal protections like the Servicemembers Civil Relief Act.