Schlichte v. Granite Savings Bank

Frances Colantuono, an elderly woman living alone in Rockport, by 1987 had come to rely on her cousin, Janice Aspesi, to assist her in many household chores and personal needs. In April of that year, while hospitalized, Colantuono executed two joint account authorizations, adding Aspesi’s name as joint owner of deposit accounts in the Granite Savings Bank, where Aspesi was an employee. A third account was later made joint, and these accounts, coupled with certificates of deposit put in the joint names, totaled roughly $100,000. By 1991 they had shrunk to roughly *180$2,000, Aspesi having spent…