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RYDER v. SHELDON

69 A.D.2d 768 (1979)

John C. Ryder et al., Respondents, v. Ruth A. Sheldon, as Administratrix C. T. A. of The Estate of John H. Ryder, Deceased, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

April 5, 1979

In 1966, John H. Ryder opened bank accounts in nine different banks. Each account was opened in his own name in trust for his sons, John C. Ryder and Ferdinand C. Ryder, jointly. This created a revocable trust (Matter of Totten, 179 N.Y. 112). John H. Ryder surrendered the passbooks to his sons, allegedly making an oral declaration irrevocably transferring the money in the accounts to his sons. In the spring of 1971, John H. Ryder represented to each of the nine banks...

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