Andersen v. Ries (In Re Andersen)
United States Bankruptcy Appellate Panel for the Eighth Circuit
1Opinion of the Court
SCOTT, Bankruptcy Judge.
I. Factual Background
In 1986, at the age of 58, Estella Andersen received an inheritance. Since her place of employment offered her no pension or retirement plan, she prudently used the inheritance to purchase an annuity, remitting $40,000 in a single payment. It is not disputed that she intended that this annuity contract be in lieu of a retirement plan. In 1991, nearing retirement age, she made the required election on the annuity to state the date on which she would begin receiving the payments. When she made the election, she lost her ability to withdraw, settle or…
2Cases cited9 opinions
- In Re: Nadine F. Eilbert, Debtor. Nadine F. Eilbert v. David Dennis Pelican Anita L. ShodeenCourt of Appeals for the Eighth Circuit · 1998
- In Re Glen H. Huebner, Debtor. Glen H. Huebner v. Farmers State Bank, Grafton, IowaCourt of Appeals for the Eighth Circuit · 1993
- In Re Ryd WALLERSTEDT and Colleen Wallerstedt, Debtors. Ryd WALLERSTEDT and Colleen Wallerstedt, Appellees, v. David A. SOSNE, Trustee, AppellantCourt of Appeals for the Eighth Circuit · 1991
- Huebner v. Farmers State Bank, GraftonSupreme Court of the United States · 1993
- In Re CaslavkaUnited States Bankruptcy Court, N.D. Iowa · 1995
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- In Re VickersUnited States Bankruptcy Court, E.D. Tennessee · 2009
- Goodman v. Bramlette (In Re Bramlette)United States Bankruptcy Court, N.D. Georgia · 2005
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