Coates v. Worthy

Citations

• 72 Miss. 575

Syllabus

<p>1. Exempt Prokebty. Life insurance. Code 1893, ?¿ 1965.</p> <p>Section 1965, code 1893, enlarges exemptions by securing to the heirs or legatees of a decedent the proceeds of insurance on his life not exceeding $5,000, even though the policy he payable to his executor or administrator.</p> <p>3. Same. Proceeds not subject to debts. Code 1893, \\ 1553.</p> <p>Said § 1965 applies in favor of the heirs or legatees of the insured, although he left no wife or children surviving- him. It creates an exception to the general rule declared by $ 1553, that, if there be neither wife nor child surviving, exempt property becomes subject to debts.</p>