Antonia Barker analyses the approach to joint accounts and the significance of a declaration as to the beneficial ownership of such an account ‘Where there is a joint account, there is a single contractual relationship between the holders and the bank’. In Whitlock v Moree [2017] the Privy Council, on appeal from the Court of …
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Wills & Trusts Law Reports | September 2012 #122Ernest Cotton (Mr Cotton) and Mary Cotton (Mrs Cotton) won about £107,000 on the National Lottery and made mirror image wills on 16 May 1997 that provided for the survivor to take the entire estate of the first to die and, on the death of the survivor, for it to pass equally to their three children, who were the claimant and defendants. When Mr Cotton died on 7 February 2008 there were two jointly-held accounts (respectively a deposit and current account) with the Coventry Building Society containing £49,186.98 and £2,622.08 (Accounts). Both were thenceforth owned legally and beneficiall...
