Matter of Rolfe

MEMORANDUM OPINION

RICHARD N. DeGUNTHER, Bankruptcy Judge.

This matter comes before the Court on the Motion of the Trustee, Rolland J. McFarland, to reconsider its Order of March 3, 1982. Attorney Charles G. Brown, who represents a creditor, has argued the Motion on behalf of the Trustee. Attorney Kenneth F. Ritz represents the Debtor.

FACTS

On September 11, 1981, the Debtor, Kim I. Rolfe, filed a petition for relief under Chapter 7 of the Bankruptcy Code.

At the time of filing, the Debtor was a beneficiary of an insurance trust, dated August 1, 1974, created by his mother, Jane Rolfe Alongi.

Mrs.…