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SUSSMAN v. NEW YORK LIFE INS. CO.

No. 413.

32 F.Supp. 88 (1940)

SUSSMAN v. NEW YORK LIFE INS. CO.

District Court, E. D. Pennsylvania.

February 5, 1940.

Attorney(s) appearing for the Case

Wolf, Block, Schorr & Solis-Cohen, and Philip Werner Amram, all of Philadelphia, Pa., for plaintiff.

William Carson Bodine and J. S. Conwell, both of Philadelphia, Pa., for defendant.

KIRKPATRICK, District Judge.

The insured had created an irrevocable trust, the subject matter of which consisted of shares of stock of a corporation. At the time, he had a policy of insurance under which he had the right to change the beneficiary at any time and from time to time. Six months after the creation of the trust, he changed the beneficiary of the life insurance policy (as to a fraction of the proceeds) to the trustee, "or his successor in trust in accordance...

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