In re the Estate of Ballard

Foley, S.

In this discovery proceeding the respondent claims a gift to her by the decedent of two adjusted service bonds of the United States issued to and registered in his name. The novel question is presented as to whether these bonds may be the subject of a gift inter vivos or causa mortis, assuming that all of the usual requisites of a valid gift had been proven. That question does not appear to have been considered in any reported decision. The bonds are commonly known as “ Veterans’ Bonus Bonds.” They are officially described as adjusted service bonds of 1945. They were issued to the…