Christison v. Catton (In Re Catton)

OPINION AND ORDER

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

This matter came on to be heard on the Trustee’s objection to the debtor’s claim of exemptions. The debtor and his wife owned their residence in joint tenancy. The joint tenancy was severed when, as part of an estate plan, they conveyed their residence to a land trust, with each receiving an undivided one-half beneficial interest in the land trust. Subsequently, the debt- or’s wife died, leaving all of her property to the debtor. After his deceased wife’s probate estate was opened, the land trust conveyed a one-half interest in the…