Bruckner v. Prairie Federal Savings & Loan Ass'n

The questions presented are whether a “payable on death” savings account is permissible in a federal savings and loan association and, if it is, whether there is sufficient evidence to show that the decedent, John L. Bruckner, created a savings account with the Prairie du Chien Federal Savings and Loan Association payable on his death to Lee J. Bruckner, a nephew.

We conclude that, as a matter of state law, an account “payable on death” to designated beneficiaries is permissible in a federal savings and loan association, but we also conclude that there is insufficient evidence to show that…