Addiss v. Selig

The plaintiffs bring this action on behalf of themselves and all other creditors of Arthur L. Selig, deceased, under the provisions of section 52 of the Domestic Relations Law, to reach that portion of the insurance on the life of Selig received by his widow as beneficiary, which was purchased by premiums in excess of $500 a year paid by the insured with his own funds.

On November 6, 1924, Selig made and delivered to Morton H. Meinhard twenty-five promissory notes, each in the sum of $1,000, each bearing the date of delivery and payable annually thereafter *732over a period of twenty-five years.…