Court Opinion

ID: 9779424
Source: CourtListenerOpinion
Date Created: 2023-08-29 21:50:25.379178+00
Date Added: 2024-06-11T07:33:26.336419
License: Public Domain

John E. Jennings, Judge, dissenting. The majority opinion is based upon two propositions: first, that jointly held bank accounts are divisible in divorce under Ark. Stat. Ann. §34-1215 and, second, that when a spouse deposits his or her separate funds in a jointly held bank account, a strong presumption of gift arises. For reasons explained in my dissent in Lofton v. Lofton, 23 Ark. App. 203, 745 S.W.2d 635 (1988), I disagree with both propositions. The chancellor’s decision should be affirmed.