Reynolds v. Dorsey

Jenkins, Justice.

By the weight of authority, where a person deposits money in a savings bank to the credit of himself as representative, trustee, or agent of a designated person or estate, this at least prima facie creates a tentative trust for the named beneficiary; and where the depositor dies and leaves such an account open and unexplained, without having made any declaration or decisive act of disaffirmance, “the presumption arises that an absolute trust was created as to the balance on hand at his death.” 3 R. C. L. 715-717; 26 R. C. L. 1201, § 39; 65 C. J. 293, 294. This rule would be…