In 2011 and with $100,000,Ronald establishes a joint savings account with his cousin,Allison.In 2012,Allison withdraws the $100,000 and disappears.Ronald made a gift to Allison in 2012.

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By establishing the joint savings account, Ronald gave ownership rights to Allison, making the $100,000 also legally hers. Therefore, when she withdrew the money, she did not commit any theft or fraud. As a result, Ronald made a gift to her by giving her joint ownership of the account.

In 2011 and with $100,000,Ronald Establishes a Joint Savings Account