Legal Opinion
In Re Jacobs
United States Bankruptcy Court, W.D. New York
Decided June 1, 2001No. 2-19-20071PublishedCited by 7 opinions
1Opinion of the Court
MICHAEL J. KAPLAN, Bankruptcy Judge.
This is a Trustee’s objection to Debtors’ claimed exemption in life insurance policies under 11 U.S.C. § 522 and state law. There are two policies owned by the insured individuals, Kenneth and Kathleen Jacobs, respectively, as to which the beneficiaries are the spouse of the owner/insured. (In addition, Mrs. Jacobs is the owner of a third policy naming her spouse as the insured. That policy is clearly exempt.)
SUMMARY OF REASONING AND RESULT: THE MYTH THAT ALL INTERESTS OF HUSBAND AND WIFE IN LIFE INSURANCE ARE EXEMPT IN NEW YORK
This case presents the same…
2Cases cited39 opinions
- Regan v. RossCourt of Appeals for the Second Circuit · 1982
- In Re MessingerCourt of Appeals for the Second Circuit · 1928
- Chatham Phenix National Bank v. CrosneyNew York Court of Appeals · 1929
- Caron v. Farmington National BankCourt of Appeals for the First Circuit · 1996
- Wilson v. McLaneSupreme Court of the United States · 1929
34 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Wornick v. GaffneyCourt of Appeals for the Second Circuit · 2008
- In Re TrautmanUnited States Bankruptcy Court, W.D. New York · 2003
- Ackerman v. Ventimiglia (In Re Ventimiglia)United States Bankruptcy Court, E.D. New York · 2007
- In Re McWhorterUnited States Bankruptcy Court, N.D. Alabama · 2004
- In re RuddUnited States Bankruptcy Court, M.D. Alabama · 2012
2 more not listed; retrieve them via the Exa API.