Law Lessons from DAN STEPHENSON, Personal Representative of ESTATE OF JACK M. MURRAY v. WILLIAM E. SPIEGLE, III, ESQUIRE, __ N.J. Super. __ (App. Div. 2013), A-4193-11T2, January 31, 2013:

Bank accounts are often referred to as “poor man’s wills.” See Sadofski v. Williams, 60 N.J. 385, 397-99 (1972); Lebitz-Freeman v. Lebitz, 353 N.J. Super. 432, 436-37 (App. Div. 2002), appeal dismissed, 179 N.J. 262 (2003). Because the purpose in creating the account is the same as the purpose in creating a Will, it follows that the probable intention doctrine should be applicable not only to the latter but also the former.

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