TBA Law Blog


Posted by: Katharine Heriges on Dec 6, 2017

The Tennessee Supreme Court has unanimously ruled that, when one spouse unilaterally withdraws money from a married couple’s joint bank account and places it in a certificate of deposit, the money is no longer joint property and belongs to the spouse to whom the certificate of deposit was issued. The opinion in In Re Estate of Calvert Hugh Fletcher was authored by Justice Sharon G. Lee.