A deposit by one person of his own money, in his own name as trustee for another, standing alone, does not establish an irrevocable trust during the lifetime of the depositor. It is a tentative trust merely, revocable at will, until the depositor dies... The New York Supplement - Page 5271909Full view - About this book
| New York (State). Supreme Court. Appellate Division - 1907 - 1078 pages
...Gift — deposit of moneys in trust for another — gift completed by delivery of pass book. Although a deposit by one person of his own money in his own...irrevocable trust during the lifetime of the depositor, yet when the depositor delivers the pass book to the beneficiary the gift is completed and the trust... | |
| New York (State). Supreme Court. Appellate Division - 1907 - 1074 pages
...trial. See VENUE. TRUST. 1. Savings bank — deposit in trust for anottifr — when trust tentative. A deposit by one person of his own money in his own name in trust for another, standing alone, dues not establish an irrevocable trust during the lifetime of... | |
| New York (State). Supreme Court. Appellate Division - 1908 - 1082 pages
...fact of one depositing his own money in his own name in trust for another in a savings bank does riot prove a trust, the act being equivocal, ie, as consistent...unequivocal act or declaration" (Matter of Totten, 179 N". Y. 112). It seems that the accident or fact of death turns that which may not have been and could... | |
| George Washington McElroy - 1909 - 820 pages
...The rule laid down by the Court of Appeals in the Matter of Totten, 179 NY 112, to the effect that a deposit by one person of his own money, in his own...irrevocable trust during the lifetime of the depositor, it being a tentative trust merely, revocable at will, until the depositor dies, or completes the gift... | |
| 1909 - 800 pages
...following rule laid down : "A deposit by one person * * * as trustee for another, standing alone, * * * is a tentative trust merely, revocable at will, until the depositor dies or completes the gift * * * by some unequivocal act or declaration, such as delivery of the pass-book or notice to the beneficiary."*... | |
| Jairus Ware Perry - 1910 - 960 pages
...death. In Mutter of Totten, 179 NY 112, it is laid down as lav in New York, that such a deposit ereated "a tentative trust merely, revocable at will, until the depositor dies or completes the gift by some unequivocal act or declaration, such as delivery of the pass book or notice to the beneficiary.... | |
| New York (State). Supreme Court. Appellate Division - 1911 - 1098 pages
...case is not hi point. The rule is: "A deposit by one person of First Department, May, 1911. [Vol. 144. his own money, in his own name as trustee for another,...of the depositor. It is a tentative trust merely, revocahle at will, until the depositor dies or completes the gift in his lifetime by some unequivocal... | |
| John Edson Brady - 1911 - 336 pages
...was created as to the balance on hand at the death of the depositor. By tentative trust is signified a deposit by one person of his own money, in his own name as trustee for another, which at the time of the depositor's death is left open and unexplained. Of course, as stated above,... | |
| John Edson Brady - 1911 - 338 pages
...748. A deposit by one person of his money in trust for another, standing alone, does not establish cm irrevocable trust during the lifetime of the depositor. It is a tentative trust, merely, until the depositor dies, or completes the gift by some unequivocal act. If the depositor dies before... | |
| New York (State). Surrogate's Court (New York County) - 1912 - 666 pages
...by the principles established by our former decisions, we announce the following as our conclusion: A deposit by one person of his own money, in his own...trust during the lifetime of the depositor. It is a tenative trust merely, revocable at will, until the depositor dies or completes the gift in his lifetime... | |
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