In Re Butcher

RICHARD STAIR, Jr., Bankruptcy Judge.

At issue is whether the trustee may remove the debtor and substitute the debtor’s estate as the beneficiary of a life insurance policy owned by the debtor. The trustee contends the right to change the beneficiary is a contract right emanating from the debtor’s ownership of the policy which is property of the estate. 11 U.S.C.A. § 541 (West 1979 & Supp.1986). Contending the trustee’s interest is limited to the right to receive the cash value of the policy as of the petition date, the debtor maintains only her interest as owner of the policy— not her…