If you were to apply the adage, “if it looks, walks and quacks a like duck, then it is a duck” to a joint bank account, you might well see, metaphorically, a beakless, crawling, chirping bird instead of a duck. Despite the fact that bank accounts have been widely used for over a century, they continue to remain fodder for litigation, as witnessed by (1) two decisions published in the May 1, 2002 issue of this paper: (Matter of Reid, The New York Law Journal, May 1, 2002, at 21, col 6, Surr Ct NY Co; Matter of Esposito, NYLJ, May 1, 2002, at 21, col 2, Surr Ct NY Co) and (2) a third decision published on May 2, 2002 (Matter of Ancell, NYLJ, May 2, 2002, at 28, col 4, Surr Ct Westchester Co).
The Problem With Joint Accounts
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