14 Misc. 2d 739 | N.Y. Sur. Ct. | 1958
On this application to determine the ownership of United States Savings Bonds Series E, the essential facts are admitted by the pleadings. Decedent and the respondent entered into a property settlement agreement which was incorporated into an interlocutory decree of divorce in California. The property settlement agreement, among other things, provided that jointly owned stock and bonds were to be divided equally and a distribution was made by which decedent retained as part of his share of the settlement the bonds in question which were registered in the names of “ Mrs. Ida De Nat or Mr. Joseph De Nat”. The divorce decree was made final but at the time of his death, about one month
The property settlement agreement provided that each of the parties at any time after the agreement would execute and acknowledge any and all documents which may be necessary or convenient to carry out its purposes and intents and to establish of record the sole and separate ownership of the parties and that on refusal of either party to execute such documents then the agreement itself shall constitute a full and proper transfer and assignment of the properties.
The respondent has failed on request to sign the necessary transfer statement which is required by the Treasury Department because the decree and agreement do not specifically set out the bonds in question as the property of the decedent, although it is conceded that they were retained by decedent as part of his share of the community property. Bespondent’s
Since respondent refuses to execute the required statement and relies only on the fact that the bonds are still in the names of decedent and herself but does not deny that they were part of the property retained by decedent as his under the agreement, the court holds that the bonds are the property of the estate and that the respondent has no interest therein.
Submit decree on notice accordingly.