Richardson v. Ericson (In Re Ericson)

OPINION

LARRY L. LESSEN, Bankruptcy Judge.

The issue before the Court is whether a certificate of deposit payable to the Debtor “and/or” his mother is an asset of the bankruptcy estate.

Eleanor Ericson (“Mrs. Ericson”) is a 78 year-old widow. She has two children— the Debtor, Martin Ericson, and a daughter, Jill Salley.

In 1997, Mrs. Ericson was living in Gal-va, Illinois. She did her banking at the Community State Bank of Galva where she maintained a checking account and a savings account. Jill’s name was also on both accounts. In 2001, Mrs. Ericson moved to Belvidere, Illinois, and she moved…