Roosevelt Bank v. Moore

CRAHAN, Presiding Judge.

Mary Ann Moore (“Wife”) appeals the judgment entered following a bench trial in favor of Roosevelt Bank (“Bank”) on its petition to recover $5,500.00 erroneously paid to Wife from her then husband’s individual savings account. We reverse.

The ease was submitted to the court on stipulated facts. Wife and James Lolley (“Husband”) were married in 1982. In June,' 1994, Husband opened an Individual Pay on Death Savings Account at Bank. Wife was designated as the pay on death beneficiary of the account. All deposits in the account from the date it was opened until January 6,…