Are you using Exemption Set #1?
The current limitation is $550 per item, and as long as there are no items that are worth more than $550 (the current value, not the price you paid for those items), there is no limit to the amount that you can keep.
This is in addition to the unused portion of homestead exemption plus the wildcard (up to $23,250).
It matters because the values are supposed to be accurate. If the trustee thinks the values are off - whether overstated or understated - that can give the impression that other things in the petition are also not accurate.
So the problem would not be a determination that you have items with a lot of value, the problem would be that the petition is not accurate.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).