In Re Sforzo

MEMORANDUM OF OPINION

ARTHUR I. HARRIS, Bankruptcy Judge.

Before the Court is the Chapter 7 trustee’s objection (Docket #41) to the debtors’ claim of exemption in a tax sheltered annuity through Variable Annuity Life (Variable Annuity) with a value of approximately $30,000. The debtors filed a response (Docket #46) claiming an exemption pursuant to Ohio Rev.Code Ann. § 2329.66(A)(17). The Court held a hearing on the issue on July 12, 2005, and the parties submitted the issue for decision based on oral stipulations of fact made in open court. As explained below, the Court overrules the trustee’s…