New York Court of Appeals

In the Matter of the Final Accounting of the Executors of Balthazer Albrecht, Deceased

November 29, 1892136 N.Y. 91

Summary

The Court reversed the lower courts, holding that a husband and wife who jointly invest in personal property such as a bond and mortgage each hold a tenancy in common, so each spouse's interest vests in their personal representatives upon death rather than passing by survivorship to the surviving spouse.