Karl Johnson, Hellmuth & Johnson, PLLC
Jeffrey Klobucar, Bassford Remele, P.A.
Contributing Editor: Andrew Stoebner, Lapp, Libra, Thomson, Stoebner & Pusch, Chtd. Judge_Ridgway__In_re_Jacklitch.pdf
In In re Jacklitch , No. 17-60624 (Bankr. D. Minn. Jul. 31, 2018), the bankruptcy court overruled the trustee’s objection to the debtor’s claimed exemption and allowed the exemption in funds held in an IRA.
Under Minn. Stat. § 550.37, subd. 10, “[a]ll money received by, or payable to, a surviving spouse or child from insurance payable at the death of a spouse, or parent, not exceeding $46,000,” is exempt. ...