In re the Estate of Reich

Wingate, S.

The question of law raised by this application is-one of more than passing interest and involves the rights of the beneficiary of a so-called “ Totten ” savings bank trust which was not revoked by the decedent in her lifetime or by will, where the assets of the estate are insufficient to pay the debts and funeral expenses of the decedent.

On November 12, 1928, the decedent opened a savings account in the Union Square Savings Bank in her name “ in trust for Pearl Siegelbaum.” The initial deposit was of $725. Only one additional sum was turned over to the bank by her, this being of…