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IN RE PAULSEN

Bankruptcy No. 19-82505 Adversary No. 20-96020.

640 B.R. 147 (2022)

IN RE: James D. PAULSEN, Debtor. Joseph D. Olsen, Trustee for the Estate of James D. Paulsen, Plaintiff, v. James D. Paulsen, individually, Kathleen M. Paulsen, individually, and James D. Paulsen and Kathleen M. Paulsen, as Trustees and Beneficiaries of the Paulsen Family Trust Dated January 19, 2019, Defendants.

United States Bankruptcy Court, N.D. Illinois, Western Division.

Signed March 30, 2022.

Attorney(s) appearing for the Case

James T. Magee, Magee Hartman, P.C, Round Lake, IL, for Defendant James D. Paulsen, Kathleen M. Paulsen.

Craig A. Willette, Yalden Olsen & Willette, Rockford, IL, for Plaintiff.

MEMORANDUM OPINION

For more than 40 years, James Paulsen and Kathleen Paulsen, his non-filing spouse, have owned their residence in Ringwood, Illinois, in joint tenancy. In January 2019, they transferred their interests in the Ringwood property into a newly formed...

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