Thompson v. Botts

This court has traditionally utilized contract law concepts to enforce the survivorship rights of the parties to accounts on deposit in financial institutions which are designated as joint and survivorship accounts. In Berberick v. Courtade (1940), 137 Ohio St. 297, this court stated, at page 301, quoting from paragraph two of the syllabus of In re Estate of Hutchison (1929), 120 Ohio St. 542:

“ ‘While joint tenancy with the incidental right of surviv-orship does not exist in Ohio parties may nevertheless contract for a joint ownership with the right of survivorship and at the death of one of…