In the Matter of Herman Neil YOUNG, Debtor. Herman Neil YOUNG, Appellant, v. David v. ADLER, Trustee, Appellee

REAVLEY, Circuit Judge:

The district court affirmed the bankruptcy court’s judgment that attorney’s fees paid to the appellant/debtor, in the form of an annuity, were not exempt from the bankruptcy estate. 64 B.R. 611. Both courts also agreed that the appellee/trust-ee had not failed to object timely to this claimed exemption. We affirm.

I

On July 20, 1984, Herman Neil Young (Debtor), an attorney, filed a voluntary petition for relief under Chapter 7 of the Bankruptcy Code. Initially, Debtor failed to list in his schedules income in the sum of $1,875 per month from First Colony Life Insurance…