In re Estate of Schneider

This case turns upon the admissibility of parol evidence to show the actual ownership of funds deposited in a joint bank account "with right of survivorship." Prior to May 10, 1952, Edward Schneider had two accounts aggregating $5850.81 in the North West Federal Savings and Loan Association of Chicago. On that date he took William M. Ralston with him to the association withdrew the money from his accounts and deposited it in two joint accounts in his name and Ralston's. The following document was signed by Schneider and Ralston: "Joint Savings Account. One signature only required for withdrawal. Account No. 17434.