Harvey has a bank savings account with a current balance of $75,000. He is concerned that he may not be able to access the account if he should become ill or incapacitated, so he adds his daughter, Julie, to the account as co-owner.

Which statement below is accurate about this situation?

Harvey has immediately made a gift of one-half the balance of the account.

Julie may draw upon the account at any time and in any amount.

Because Harvey and Julie are related, the value of this savings account will not be included in Harvey's gross estate if he dies tomorrow.

Julie cannot legally access the account without Harvey's express, written permission.