Wednesday, September 11, 2013

Divestment of Joint Tenancy by Sole Contributor

Miami Personal Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. His office is centrally located in Miami at 1221 Brickell Avenue, 9th Fl., Miami and may be reached at (305) 891-4055.

In the case of Burkholder, 2000 WL 987832 (Mo.App.S.D.), the Court dealt with the question of whether the sole contributor to funds has right to divest the other joint tenant of his ownership interest. The issue was whether the joint tenancy terminated before he died. The Court held that actual termination was required. 

Termination may take place by the presentation of the depositor's documents and withdrawing money or procuring physical changes in the documents and the institution's records, or a final judgment ordering termination before depositor's death.