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LOUISIANA SAV. ASS'N, INC. v. BLUEBONNET HOLDING P'SHIP.

No. 88 CA 0756, 88 CA 0748.

546 So.2d 869 (1989)

LOUISIANA SAVINGS ASSOCIATION, INC. v. BLUEBONNET HOLDING PARTNERSHIP, George M. Bonfanti, Gerald E. Fackrell and Noel B. Baum. (Two Cases)

Court of Appeal of Louisiana, First Circuit.

June 20, 1989.

Attorney(s) appearing for the Case

Ralph E. Hood, Baton Rouge, for Louisiana Sav. Ass'n, Inc.

Eric A. Kracht, Baton Rouge, for Gerald E. Fackrell, Jr.

Before CARTER, LANIER and LEBLANC, JJ.

CARTER, Judge.

This is an appeal from trial court judgments refusing to exempt from seizure certain life insurance proceeds.

FACTS

The facts of the instant case are relatively simple and undisputed. In 1984, Noel B. Baum (Baum), George M. Bonfanti, and Gerald E. Fackrell, Jr. were partners in various business ventures. In 1984, State Mutual Life Assurance Company (State Mutual)1 issued a policy of life insurance insuring...

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