In Folk v. Folk, the savings fund existed at the time the parties’ assets were to be divided. The only question was as to its character, namely whether, as a fund in reserve for future need, it could be said to be “ordinarily used for a family purpose”.
Get a full legal research memo!
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexsei.com.