Parker v. Lloyd

71 N.E.2d 889, 321 Mass. 126, 1947 Mass. LEXIS 589
CourtMassachusetts Supreme Judicial Court
DecidedMarch 6, 1947
StatusPublished
Cited by7 cases

This text of 71 N.E.2d 889 (Parker v. Lloyd) is published on Counsel Stack Legal Research, covering Massachusetts Supreme Judicial Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Parker v. Lloyd, 71 N.E.2d 889, 321 Mass. 126, 1947 Mass. LEXIS 589 (Mass. 1947).

Opinion

Dolan, J.

This petition in equity is brought by the administrator with the will annexed of the goods not administered of the estate of Matilda J. Leonard, late of Taunton, to recover certain personal property consisting of bank deposits, alleged to be assets of her estate, and for other relief. The evidence is reported.

Material facts may be summed up as follows: Matilda J. Leonard, hereinafter referred to as the testatrix, was the wife of Horace B. Leonard, who survived her. She died on September 17, 1930. By her will she gave the residue of her estate to Horace “to be used by him during his lifetime in such manner as he shall deem necessary and proper for his comfortable support.” She further provided as follows: “If [128]*128my said husband does not survive me I bequeath the said rest and residue to my nephew Arthur J. Parker.1. . . If my said husband survives me then upon decease I bequeath to my said nephew such portion of my personal estate as remains, if any, of the said rest and residue herein above bequeathed to my husband.” The testatrix named Horace as executor of her will, requesting that no surety be required upon his official bond. Horace was appointed and duly qualified as executor on October 10, 1930. No inventory of the estate of the testatrix was ever filed by him in the Probate Court, nor any account of his doings as executor. He died on September 6, 1943, leaving an instrument purporting to be his will which was filed in the Probate Court on October 1, 1943; a petition for its probate was filed on April 15, 1944.2 He had been actively engaged in business until a short time before his death. The petition of J. Howard O'Keefe for leave to intervene as a party respondent" in his capacity as administrator of the estate of Horace was allowed by the judge. It was stated in the petition that his appointment as administrator was made on May 25, 1945. At the time of the appointment of Horace as executor of the will of the testatrix, there were deposits in banks standing in the name of the testatrix, totaling $26,991.93. Horace then had bank accounts in his individual capacity aggregating from $22,000 to $24,000. At the time of his death none of the savings bank deposits left by the testatrix remained in her name, and there were no assets of any kind remaining in the name of Horace other than in joint account with one or another of the respondents. We will consider first the bank deposits standing in the name of the testatrix at the time of her death.

1. At the time of the death of the testatrix there was standing in her name in the Plymouth Five Cents Savings Bank a savings account (No. 8556) in the sum of $2,396.38. [129]*129That account was withdrawn by Horace, as executor of her will, on August 10, 1936. On the same day he opened a joint account (No. D45711) in the same bank in the amount of $2,396.38 in his name and that of the respondent Hazel E. Craw, his granddaughter. Until his death the dividends on that account were remitted to him by check. On September 11, 1943, Mrs. Craw withdrew that account, still in the sum of $2,396.38, and deposited that sum in the Bristol County Savings Bank in her name and that of her husband in joint account. None of her husband’s money was “mingled with that money.” Mrs. Craw later withdrew $1,000 from that account, and used the sum withdrawn in the purchase of a house, title to which was taken in her name and that of her husband. No other “down payment [was] made on the house except that $1,000.” Mrs. Craw concedes in effect that the balance of $1,396.38 in that account belongs to the estate of the testatrix, but as to the $1,000 withdrawn by her relies upon the decree entered by the judge in which he ordered the Bristol County Savings Bank to pay the balance of $1,396.38 to the petitioner but made no order that Mrs. Craw should pay to the petitioner the sum of $1,000 withdrawn by her, stating that she was innocent throughout, that she had changed her position in good faith by investing the $1,000 withdrawn by her in a home, and that it would be inequitable to require her to pay that sum to the petitioner for the same reasons as those recited in 2 B below.

2 A. At the time of her death (September 17, 1930) the testatrix had an account (No. 11225) in the East Bridge-water Savings Bank in the amount of $1,962.20. On July 11, 1935, Horace, as executor of her will, withdrew that account (in the same sum, having received the dividends thereon in the meantime), and opened a joint account (No. 19262) on the same day, in the same bank and same sum, in his own name and that of the respondent Thistle Lloyd, his granddaughter. Horace received the dividends on that account until his death (September 6, 1943). On September 23,1943, Mrs. Lloyd drew $150 from that account for her own use. In the decree entered by the judge he ordered the respondent [130]*130East Bridgewater Savings Bank to pay the balance in that account of $1,812.20 and accumulations of interest to the petitioner, but made no order concerning the $150 that had been withdrawn by Mrs. Lloyd (see 2 B below).

2 B. At the time of her death the testatrix had two accounts in the Bridgewater Savings Bank, one (No. 1806) in the amount of $2,975.60, and another (No. 2270) in the amount of $2,000. These two accounts totaled $4,975.60. On November 5, 1930, Horace, as executor of her will, withdrew from the first account $3,049.98.1 On July 11, 1935, as executor, he withdrew the total of $2,000 from the second account. He had received the dividends in the meantime from that account. On the same day he opened a joint account, in the same bank and same sum, in his name and that of Mrs. Lloyd. At the time of her death the testatrix had a deposit in the Bristol County Savings Bank of $4,868.21. On October 17, 1934, Horace, as executor, withdrew therefrom $4,265.40, the then balance of that account, and deposited that sum in the same bank in his name as trustee for Mrs. Lloyd. On October 6, 1936, he withdrew that account, which then amounted to $4,265.40, and deposited that sum (the identical amount that he had withdrawn from the deposit of the testatrix in the Bristol County Savings Bank) in the joint account with Mrs. Lloyd previously opened by him in the Bridgewater Savings Bank, making the total of that deposit $6,265.40. On October 1, 1943, interest in the sum of $62.65 had been credited to the account, making a total of $6,328.05. On October 5, 1943, Mrs. Lloyd withdrew from the account $4,265.40 and the interest of October 1, 1943, $62.65, a total of $4,328.05. At the time of the hearing the balance in this account was $2,040.20 plus accumulated interest. Mrs. Lloyd testified that, of the amounts withdrawn by her from the account .under consideration, $3,850 was used by her to purchase a house at 324 Auburn Street, Whitman, in the joint names of her husband and herself, and the balance for rent, taxes [131]*131and water bills that she “had to pay extra.” In the decree entered by the judge he ordered $2,040.20 to be paid by the respondent Bridgewater Savings Bank together with accumulated interest thereon to the petitioner, but made nq order for payment of the sum of $4,328.05 by Mrs. Lloyd to the petitioner. Overlooking the item of interest ($62.65) withdrawn by her, Mrs. Lloyd makes no contention that the sum of $4,265.40 withdrawn by her is not properly traceable to the estate of the testatrix, and concedes that the balance in the account belongs to that estate.

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Cite This Page — Counsel Stack

Bluebook (online)
71 N.E.2d 889, 321 Mass. 126, 1947 Mass. LEXIS 589, Counsel Stack Legal Research, https://law.counselstack.com/opinion/parker-v-lloyd-mass-1947.