Sentences with phrase «in a joint account»

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.

One option that clients have considered is to set money aside from their distribution of assets and hold those funds in a joint account in the event the child moves back home.

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.

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

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

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

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

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.

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

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 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.

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

Other perks include being able to amass points in a joint account with people you live with.

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.

Q. My question is regarding stock capital gains, specifically in a joint account with my wife at TD Waterhouse.

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

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

Most US investments are typically in joint accounts.

Sensible Steve has # 170,000 in a joint account in RiskyBank with his girlfriend Saver Sally, plus # 20,000 in a separate account of his own with the same bank.

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

Great example of working together as a married couple without the need to combine finances in a joint account

At date of death, a number of monies were in joint accounts bearing names of deceased, daughter L and granddaughter R L took more interest in deceased than did daughter M and cared for her during last... Read more

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.

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

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.

If you commingle cash in a joint account, but set up the account so that withdrawals require both your signatures, some courts might also consider this a defense.

Interested in joint 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.

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.

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.»?

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.

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.

Also, if one partner is faced with a high level of debt, the money in any joint accounts may be subject to creditors if any debt can not be paid back on time.

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.

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

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.

If one joint depositor owes the Bank money and the debt becomes due, the Bank can use any money in the joint account to pay the debt.

In joint account you can add maximum 3 people.

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

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.

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

It's not easy to get access to money in a bank or building society unless it is in a joint account.