Legal Question in Family Law in New York

How can depositing funds into a joint account create a presumption of gift when the Court of Appeals has held that a gift must "divest" the doner of control? When money is in a joint account, the person is not "divested" of control, because they can withdraw it at any time.....


Asked on 2/29/12, 2:42 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Please post factual and not rhetorical questions.

Mike.

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Answered on 3/01/12, 6:24 am


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