Court Opinion

ID: 3494252
Source: CourtListenerOpinion
Date Created: 2016-07-05 22:02:16.841946+00
Date Added: 2024-06-11T14:15:12.608509
License: Public Domain

Plaintiff, executor of the will of Augustus F. Melching, has in possession bonds in the aggregate of $20,500. Defendant Mrs. Freda Melching, testator's widow, contends that she owns the bonds. The other defendants, children of the testator by a former marriage, insist that the bonds belonged to the testator and should pass under his will. Plaintiff by the bill seeks determination of the controversy. The decree is that the widow owns the bonds. The other defendants have appealed.
The question is whether Mr. Melching gave the bonds or any of them to his wife. A savings account in the name of Mrs. Melching was opened in a local bank in which account funds of Mr. Melching were deposited from time to time. He made withdrawals from the account frequently and at will, sometimes transferring sums to his commercial account. The keeping of this account was a matter of convenience. Neither the husband nor the wife treated the funds in the account as belonging to the wife, as having been given to her. There was not a gift of these funds to the wife, and that the bonds in whole or in part were purchased by use of such funds is a matter of small importance here. *Page 20 
Mr. Melching bought through a bank in Chicago for his wife bonds in the total amount of $12,500. The correspondence states that he bought them for her. The envelopes containing the bonds were indorsed "Property of Mrs. Freda Melching." On at least a part of the envelopes the indorsement was written by Mr. Melching. At his direction these bonds were actually forwarded to Mrs. Melching. There was a completed gift of these bonds to her and she is entitled to have them. That Mr. Melching later took possession of the bonds and deposited them in a bank with direction that they be surrendered only to him or his representatives did not destroy the gift. Nor do we find that the evidence of gift is overcome by the fact that Mrs. Melching permitted the husband to collect for them interest on the bonds.
Mr. Melching also bought through a local bank bonds in the aggregate of $8,000; the evidence does not show a gift of these bonds to the wife, and they should pass under the will.
The decree will be modified accordingly, and, so modified, is affirmed, with costs to appellants against Freda Melching.
FEAD, C.J., and NORTH, FELLOWS, WIEST, McDONALD, POTTER, and SHARPE, JJ., concurred. *Page 21