Fleig v. Estate of Charles F. Fleig

The Supreme Court reversed the district court’s grant of summary judgment in favor of the Estate of Charles Fleig in this case challenging the rights in Charles’s checking account at Sunlight Federal Credit Union. Here, Charles and Wendy Fleig executed a signature car to add Wendy to Charles’s checking account at the Credit Union. The signature card failed to indicate whether the account would be subject to rights of survivorship. The membership and account agreement, however, provided that joint accounts had rights of survivorship unless otherwise indicated on the signature card. After Charles died, his Estate sued Wendy and the Credit Union, asserting several causes of action, including a claim for declaratory judgment regarding ownership of the checking account. The district court concluded that the signature card did not create rights of survivorship, that the account was held by Wendy and Charles as tenants in common, and that fifty percent of the account proceeds passed to the Estate and fifty percent passed to Wendy. The Supreme Court reversed, holding Wendy had a right of survivorship in the checking account because the signature card and the membership and account agreement formed the contract between the Fleigs and the Credit Union and unambiguously expressed the intent that joint accounts have rights of survivorship. View "Fleig v. Estate of Charles F. Fleig" on Justia Law