In the Matter of the Estate of Ingram
Supreme Court of Oklahoma
874 P.2d 1282 (1994)
- Written by Rocco Sainato, JD
Facts
Lola Ingram opened a checking account, placing her daughter Shirley Gazalski on the account as a co-signer. Ingram then opened three certificates of deposit, naming her daughter as a co-tenant with the right of survivorship on each of them. Four days prior to her death, Ingram executed a will that distributed all of her property, including the checking account and certificates of deposit, among her four children. Upon Ingram’s death, Gazalski brought an action arguing that the checking account and certificates of deposit were not to be included in Ingram’s estate and instead belonged to her, since they were held as a joint-tenancy. The trial court determined that both the checking account and certificates of deposit were not to be included in the estate. The court of appeals affirmed. Ingram’s remaining children petitioned for certiorari to the Supreme Court of Oklahoma.
Rule of Law
Issue
Holding and Reasoning (Summers, J.)
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