In Re Estate of Pallay, 06ca46 (5-31-2007)

DECISION AND JUDGMENT ENTRY

{¶ 1} Jared Ray, Robert Ray, and Shaphan Ray (collectively "Rays") appeal the judgment of the Washington County Common Pleas Court, Probate Division, in favor of Sherry L. Pallay. The Rays requested the probate court to exclude certain IBM stock and the proceeds from certain U.S. Savings Bonds from Helen Pallay's estate. On appeal, the Rays contend that the trial court erred when it ordered the IBM stock included in the estate because the stock did not have a payable on death ("POD") or joint tenants with right of survivorship ("JTWROS") designation. Because another…