Sentences with phrase «in joint account»

Unless the spouse can later trace funds in the joint account to their separate property source, an Ohio court is likely to treat the entire account as marital property and divide the funds between both spouses.

In the nine community property states, half the money in a joint account belongs to each spouse — and each spouse is generally entitled to reimbursement of his half as part of the property settlement.

As a result, a court is likely to view all the funds in the joint account as marital property, unless an adequate accounting is possible showing which funds are the separate property of an individual spouse.

However, it can be difficult to prove that you own the money in a joint account if you aren't paying into it.

If you're married or in a civil partnership, money in a joint account belongs to both of you equally.

How the law treats your right to money in a joint account depends on whereabouts in the UK you live.

If Ms. Janes had left the sale proceeds in the joint account until her mother's death, she would have been entitled to all of the proceeds as the surviving joint tenant.

These other beneficiaries may challenge the right of the joint account holder to receive the balance in the joint account.

For all Hilton Honors Mutual Fund accounts combined between January 1, 1990 and March 31, 2004, only one Hilton Honors enrollment or activation bonus will be permitted in the joint account.

Any sums in a joint account may be paid, on request, to any owner without regard to whether any other owner is then incapacitated or deceased or whether the account includes a right of survivorship.

They had over $ 10,000 in a joint account that they used to pay bills and save for their children's education.

It really helps to eliminate issues where she spent money that I expected to be able to spend before I could, which can happen in a joint account.

Are you sure about the statement «if you are issued a tax refund by the U.S. Treasury, or any check that is payable to both parties, you will only be able to deposit that check in a joint account that has both persons as signatories.»?

All of the funds in a joint account may be used to repay the debts of any co-owner, whether they are owed individually, by a co-owner, jointly with other co-owners, or jointly with other persons or entities having no interest in your account.

For example, if you are issued a tax refund by the U.S. Treasury, or any check that is payable to both parties, you will only be able to deposit that check in a joint account that has both persons as signatories.

We both put x $ each month in a joint account and pay all joint expenses from there.

For all Hilton Honors Mutual Fund accounts combined between January 1, 1990 and March 31, 2004, only one Hilton Honors enrollment or activation bonus will be permitted in the joint account.

I own foreign stocks in a joint account with my wife, and their cost is just over $ 100K.

They would've been better off simply having all the money in the joint account, or having # 85,000 each in separate accounts.

Further, if a depositor has an account, in that depositor's name solely, and that depositor owes the Bank money, you agree that any money held in a joint account with that depositor and you may also be used to pay the debt.

All funds deposited in a joint account, including any interest earned, become the property of all joint tenants.

A co-maker is legally responsible to repay the charges in the joint account agreement.

If you deposit your paycheck in a joint account with your spouse, it may be vulnerable to his creditors.

If you and your spouse have mostly shared money in a joint account throughout your marriage, getting used to the lack of extra funds will take time.

In the second case you will have to deposit in a joint account OR bring the other person with you to the bank and have them show their ID to the cashier and endorse the check in their presence.

The maximum investment limit in POMIS is Rs 4.5 lakh in single account and Rs 9 lakh, if you are investing in a joint account.

If your down payment savings are in a joint account and you're both going in on the mortgage, then you're safe.

Both account holders are the liable party in a joint account.

If you own shares of common stock in more than one account — for example, in a joint account with your spouse and in your individual brokerage account — you may have received more than one notice or more than one set of paper proxy materials.

By the way, in joint accounts you have the option of requiring both partners to sign on every document, so that every check or order you write will only be valid with both of your signatures.

Each spouse receives their own discretionary spending money in their own separate interest bearing checking account each month, with all other funds being held in joint accounts.

Most US investments are typically in joint accounts.

If you have combined finances and one of you dies, then the other will have access to the money in the joint accounts.

This amount includes his / her share in the joint accounts.

If you're splitting up having lived together, money you have in joint accounts for household bills or similar would be assumed to belong to both of you in equal shares.

Interested in joint accounts?

Not exact matches

While he regularly makes outside investments with a group of other investors for his own personal account, he made it clear that — even in an era when everyone is looking for strategic partners, joint ventures, and hoping to use OPM — when it comes to Morningstar, he prefers to own 100 % of the opportunity and go it alone.

Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey told Israeli leaders Jan. 20 that the United States would not participate in a war against Iran begun by Israel without prior agreement from Washington, according to accounts from well - placed senior military officers.

«They'll indicate in their will that they want their assets divided equally among their three children, but then they go and name one child as the beneficiary to their IRA account and another to their house or a joint bank account.

The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.

Deason also claims an accounting scandal at the Fuji - Xerox joint venture and an independent report that criticized Fuji for its prominent role in contributing to the matter gave Xerox the right to terminate the joint venture agreements.

In the event of a spouse's death, creditors can not automatically remove the deceased person's name from the joint account and make the debt the sole responsibility of the living spouse.

Jollibee's foreign businesses - including joint ventures in China, the United States and Vietnam - account for 30 percent of its system - wide global sales.

he served with KPMG from 1977 to 2002 and held a number of senior positions, including the general manager of KPMG's joint venture accounting firm in Beijing, the managing partner in KPMG's Shanghai office and a partner in KPMG's Hong Kong Office.

Plus since 14 year olds can't legally have these types of accounts on their own, it was set up as a joint account with my Dad who has paid the taxes on it in the meantime.

For example, if you expect $ 48,000 in taxable income (before tapping your investment accounts), you could target a marginal rate of 12 %, the rate for joint filers in 2018.

The report also says that in September 2009 1MDB made a payment of $ 300 million to an account of 1MDB PetroSaudi, a joint venture of the fund, at JPMorgan.

Additionally, if you interact with Fidelity directly as an individual investor (including joint account holders) or if Fidelity provides services to your employer or plan sponsor, we may exchange certain information about you with Fidelity financial services affiliates, such as our brokerage and insurance companies, for their use in marketing products and services as allowed by law.

• $ 12,309 in a joint checking account naming Nikolas and Lynda Cruz that is now down to $ 353 according to his attorneys;

In the first, you and your partner pay for recurring shared expenses, like rent and utilities, from a joint account and cover your other expenses with separate accounts.