Mahoney v. Leddy

Miss Peck, a well-to-do spinster, and her long-time companion-housekeeper, Miss Egan, attempted to dispose of certain property interests between them during their lifetime. The consequence was the one thing they presumably sought to avoid, litigation between their estates. Thirty-six shares of American Telephone and Telegraph common stock, transferred in 1945 to the name of Miss Egan, have now become a substantial property interest through stock splits and market advances. The shares were in Miss Egan’s possession at her death in July, 1963, six months prior to the death of Miss Peck. The…