Porter v. Aetna Casualty & Surety Co.

This case raises the question of whether benefits paid by the United States Veterans’ Administration retain their exempt status under 38 U. S. C. § 3101 (a) 1 after being deposited in an account in a federal savings and loan association. Petitioner, an incompetent Air Force veteran, had suffered a judgment at the hands of respondent. The latter in an effort to satisfy its judgment attached a checking account and two accounts in local federal savings and loan associations, all of which had been established by petitioner's Committee with funds received from the Veterans’ Administration as…