Why shouldn't there be a resulting trust of a joint deposit account upon the transferor's death allowing the survivor a beneficial interest, who has made no contribution to the account?

Why shouldn't there be a resulting trust of a joint deposit account upon the transferor's death allowing the survivor a beneficial interest, who has made no contribution to the account?



Answer: Allowing survivor beneficial interest is arguably form of testamentary disposition that bypasses Statutory formality requirements

Comments

Popular posts from this blog

Agile Method Advantages and Disadvantages