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N.Y. LIFE INS. CO. v. ESTATE DEAN CHARLES HUNT

150 N.J. Super. 271 (1977)

375 A.2d 672

NEW YORK LIFE INSURANCE CO., PLAINTIFF, v. ESTATE OF DEAN CHARLES HUNT, DEFENDANT AND THIRD-PARTY PLAINTIFF-RESPONDENT, KAREN ZIELINSKI SNIDENBACH, DEFENDANT-APPELLANT, HERBERT E. HUNT AND MARGUERITE B. HUNT, DEFENDANTS AND THIRD-PARTY PLAINTIFFS-RESPONDENTS, v. JAY L. GROSS, THIRD-PARTY DEFENDANT.

Superior Court of New Jersey, Appellate Division.

Decided April 28, 1977.

Attorney(s) appearing for the Case

Mr. Raymond P. DeMarco argued the cause for defendant-appellant (Messrs. DeMarco and Lore, attorneys, Mr. Mark S. Shane on the brief).

Mr. Carlyle W. Crane argued the cause for the defendant and third party plaintiff-respondent (Messrs. Crane, Beglin and Vastola, attorneys).

Before Judges BISCHOFF, MORGAN and KING.

The opinion of the court was delivered by KING, J.S.C., Temporarily Assigned.

Defendant Karen Zielinski (Snidenbach), the named beneficiary in a policy of life insurance issued by plaintiff New York Life Insurance Company, the "stakeholder" in this interpleader action, appeals from a judgment of the Chancery Division which imposed a constructive trust on the proceeds of the policy in favor of the deceased insured's estate. We reverse and hold the named beneficiary...

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