In Re Bordelon

MEMORANDUM OPINION

DOUGLAS D. DODD, Bankruptcy Judge.

Debtor Dean Bordelon seeks to exempt from his bankruptcy estate $355,130 in life insurance proceeds deposited into a trust from which he benefits. Creditor Royal Alliance Associates, Inc. (“Royal”) objects to the exemption claim. 1 Bordelon is not entitled to the exemption.

FACTS

The debtor filed chapter 7 on March 3, 2010. He claimed as exempt $355,130 in life insurance proceeds paid, on account of the June 2004 death of his mother, Mary Lou Reifel, into the “Dean Alexander Bor-delon Trust” (“DAT”). 2 The debtor is the sole DAT beneficiary.…