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

What is JAD and how are users involved? What are advantages and disadvantages of JAD?

What are the three dimensions to business problems? Give an example of each.

A laboratory assistant prepared solution of 0.8 M, 0.6 M, 0.4 M, and 0.2 M sucrose, but forgot to label them. After realizing the error, the assistant randomly labeled the flasks containing these four unknown solutions as flask A, flask B, flask C, and flask D.