In Re Bush

ORDER OVERRULING TRUSTEE’S OBJECTION TO DEBTOR’S CLAIMED EXEMPTION IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY

CHARLES M. CALDWELL, Bankruptcy Judge.

This contested matter is before the Court on the objection of case trustee Arnold S. White (“Trustee”) to an exemption claimed by the Debtor, Enid M. Bush (“Debtor”), in the cash surrender value of a life insurance policy. The Debtor opposed the Trustee’s objection. For the reasons that follow, the Court holds that, under the specific circumstances presented in this case, where the beneficiary of a life insurance policy is the child of the…