Cornerstone Financial Group, LLC v. Marysa Kimball Caplan, Individually and as Custodian for Karenna Caplan and Courtney Caplan; ReliaStar Life Insurance Company; and Resolution Life US

District Court, W.D. Texas·Decided February 6, 2026·No. 1:25-cv-01150·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS AUSTIN DIVISION

CORNERSTONE FINANCIAL § No. 1:25-CV-01150-DAE GROUP, LLC, § § Plaintiff, § § vs. § § MARYSA KIMBALL CAPLAN, § Individually and as Custodian for § KARENNA CAPLAN and § COURTNEY CAPLAN; RELIASTAR § LIFE INSURANCE COMPANY; and § RESOLUTION LIFE US § § Defendants. §

ORDER

Before the Court are: (1) Defendants Marysa Kimball Caplan, Karenna Caplan, and Courtney Caplan’s (“Caplans” or “Defendant”) Motion to Dismiss Plaintiff Cornerstone Financial Group, LLC’s (“Cornerstone” or “Plaintiff”) First Amended Petition, (Dkt. # 15); (2) Defendants’ Motion to Dismiss ReliaStar Life Insurance Company’s (“ReliaStar”) Counterclaim in Interpleader, (Dkt. # 11); (3) ReliaStar’s Motion for Interpleader Deposit, (Dkt. # 10); and (4) Defendants’ Motion to Strike Plaintiff’s Reply in Support of its Motion for Summary Judgment, (Dkt. # 16.) The Court finds a hearing on this matter is not necessary. After careful consideration of the memoranda filed in support of and in opposition to the motion, the Court, for the reasons that follow, GRANTS IN

PART AND DENIES IN PART Defendants’ Motion to Dismiss Cornerstone’s Complaint (Dkt. # 15); DENIES Defendants’ Motion to Strike as MOOT (Dkt. # 16); GRANTS IN PART AND DENIES IN PART ReliaStar’s Motion for

Interpleader Deposit (Dkt. # 10); and GRANTS IN PART AND DENIES IN PART Defendants’ Motion to Dismiss ReliaStar’s Interpleader Counterclaim (Dkt. # 11.) Plaintiff’s Motion for Summary Judgment (Dkt. # 25) remains pending before this Court and will be decided by separate order.

BACKGROUND Plaintiff Cornerstone Financial Group, LLC initially brought this action in state court alleging it is entitled to a portion of the life insurance proceeds

from the late George Caplan. (See Dkt. # 1-1.) As alleged in Cornerstone’s First Amended Petition, the operative complaint in this case, George Caplan borrowed $900,000 from Cornerstone, memorialized in three promissory notes. (Dkt. # 1-15 at ¶ 12.) The promissory notes included an agreement that George Caplan would

include Cornerstone as a beneficiary on his life insurance policy, and he and his wife signed a beneficiary designation allocating $800,000 from the Policy to Cornerstone. (Id.) Cornerstone alleges that before his death, George Caplan

changed his beneficiary designation to exclude Cornerstone as a beneficiary. (Id.) Thus, after Mr. Caplan’s death, Cornerstone was denied disbursement of the funds it alleges it is owed. (Id. at ¶ 1.)

Plaintiff’s suit was brought against the (1) Caplan Defendants and the Estate, and (2) ReliaStar Life Insurance Company and Resolution Life US, both named in rem only. (Id.) After the Caplans filed an Original Cross-Claim in the

state court action, ReliaStar removed this action to federal court. (Dkt. # 1.) ReliaStar subsequently filed its answer and counterclaim in interpleader. (Dkt. # 2.) Shortly after removal, ReliaStar filed a Motion for Interpleader

Deposit, asking to interplead the contested $800,000 and be discharged from liability in this case. (Dkt. # 10.) The same day, the Caplan Defendants filed a Motion to Dismiss ReliaStar’s Interpleader Counterclaim. (Dkt. # 11.) The

Caplans then filed a Motion to Dismiss Cornerstone’s First Amended Petition (Dkt. # 15) and a Motion to Strike evidence contained in Cornerstone’s reply in support of its state court summary judgment motion. (Dkt. # 16.) All motions are opposed and the parties have timely filed responses and replies.

LEGAL STANDARD Federal Rules of Civil Procedure 12(b)(6) authorizes dismissal of a complaint for “failure to state a claim upon which relief can be granted.” When

analyzing a motion to dismiss for failure to state a claim, the court “accept[s] ‘all well pleaded facts as true, viewing them in the light most favorable to the plaintiff.’” United States ex rel. Vavra v. Kellogg Brown & Root, Inc., 727 F.3d

343, 346 (5th Cir. 2013) (quoting In re Katrina Canal Breaches Litig., 495 F.3d 191, 205 (5th Cir. 2007)). The court “must consider the complaint in its entirety, as well as other sources courts ordinarily examine when ruling on Rule 12(b)(6)

motions to dismiss, in particular, documents incorporated into the complaint by reference, and matters of which a Court may take judicial notice.” Funk v. Stryker Corp., 631 F.3d 777, 783 (5th Cir. 2011) (quoting Tellabs, Inc. v. Makor Issues & Rights, Ltd., 551 U.S. 308, 322 (2007)).

To survive a Rule 12(b)(6) motion to dismiss, the plaintiff must plead “enough facts to state a claim to relief that is plausible on its face.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007). “A claim has facial plausibility

when the plaintiff pleads factual content that allows the court to draw the reasonable inference that the defendant is liable for the misconduct alleged.” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009). However, a court reviewing a complaint “[is] not bound to accept as true a legal conclusion couched as a factual

allegation.” Id. “Threadbare recitals of the elements of a cause of action, supported by mere conclusory statements, do not suffice.” Id. at 678 (citation omitted). ANALYSIS The Court begins with the Caplan Defendants’ Motion to Dismiss

Cornerstone’s Amended Petition, then turns to the interpleader deposit questions and remaining motions in the case. I. Caplans’ Motion to Dismiss Cornerstone’s First Amended Petition

The Caplan Defendants move to dismiss Cornerstone’s First Amended Petition pursuant to Federal Rule of Civil Procedure 12(b)(6), and in the alternative, under Rule 12(c). (Dkt. # 15.) Cornerstone’s Complaint alleges the following causes of action: (1) fraudulent transfer under the Texas Uniform

Fraudulent Transfer Act (“TUFTA”); (2) conspiracy to commit fraudulent transfer; (3) tortious interference with contract; (4) breach of contract related to the promissory notes; and (5) breach of contract related to an alleged settlement

agreement. (Dkt. # 1-15.) The Motion to Dismiss is targeted primarily at the first three causes of action and at certain relief sought. (Dkt. # 15.) The Court will address each contested cause of action in turn. A. Fraudulent Transfer Claim under TUFTA

The Texas Uniform Fraudulent Transfer Act’s (“TUFTA”) “purpose is to prevent debtors from prejudicing creditors by improperly moving assets beyond their reach.” Janvey v. Golf Channel, Inc., 487 S.W.3d 560, 566 (Tex.

2016) (citing KCM Fin. LLC v. Bradshaw, 457 S.W.3d 70, 89 (Tex. 2015)). “Under TUFTA, a transfer made with actual or constructive intent to defraud any creditor may be avoided to the extent necessary to satisfy the creditor’s claims.”

Id. “A transfer made . . . by a debtor is fraudulent as to a creditor, whether the creditor’s claim arose before or within a reasonable time after the transfer was made . . . , if the debtor made the transfer . . . with actual intent to hinder, delay, or

defraud any creditor of the debtor.” Tex. Bus. & Com.

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Cornerstone Financial Group, LLC v. Marysa Kimball Caplan, Individually and as Custodian for Karenna Caplan and Courtney Caplan; ReliaStar Life Insurance Company; and Resolution Life US, (W.D. Tex. 2026).

Cornerstone Financial Group, LLC v. Marysa Kimball Caplan, Individually and as Custodian for Karenna Caplan and Courtney Caplan; ReliaStar Life Insurance Company; and Resolution Life US (Cornerstone Financial Group, LLC v. Marysa Kimball Caplan, Individually and as Custodian for Karenna Caplan and Courtney Caplan; ReliaStar Life Insurance Company; and Resolution Life US) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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