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BLUMBERG v. COXE

No. 4648.

8 F.2d 735 (1925)

BLUMBERG et al. v. COXE.

Circuit Court of Appeals. Fifth Circuit.

October 27, 1925.

Attorney(s) appearing for the Case

A. Leo Oberdorfer, Crampton Harris, and Hugo L. Black, all of Birmingham, Ala. (Black & Harris, of Birmingham, Ala., on the brief), for petitioners.

William S. Pritchard and John D. Higgins, both of Birmingham, Ala. (Thompson & Thompson, of Birmingham, Ala., on the brief), for respondent.

Before WALKER, BRYAN, and FOSTER, Circuit Judges.

WALKER, Circuit Judge.

Each of the two bankrupts, who are the petitioners in this court, claimed as exempt certain insurance policies on his life, each of which policies was made payable to "American Trust & Savings Bank of Birmingham, Alabama, as trustee." The trustee in bankruptcy claimed the cash surrender value of the several policies. Under each of the policies the insured had the right to change the beneficiary. By the terms of the instruments creating the...

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