Sentences with phrase «money 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.

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

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

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

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

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

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.

Not exact matches

'' We have an illegal ministry of Local Government that is busy sharing money all in the name of joint account.

The purpose of having a chat about your finances with your partner is for both of you to create a financial path that works, which may mean keeping your money in separate accounts and then creating a joint account where you both contribute a portion for household goods and for other joint expenses.

Sure, you can take measures to protect yourself, such as choosing not to take on joint debt and keeping your money in separate bank accounts, but what do you do if he files for bankruptcy again?

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.

I have transferred money from my Saudi Account to my NRI joint account inAccount to my NRI joint account inaccount in India.

We can still keep our money separate but now, instead of wondering what happens with Marcin's money, I will see the $ 400 monthly in our joint savings account and not worry.

One advantage to a joint checking account is that all money is in one pot, so to speak.

However, if you deposit money into different ownership categories — such as single and joint accounts — your deposits in each category are insured separately.

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.

The money for the joint account could come equally from both partners or split in whatever way they decide is fair.

An Account you maintain with us, which may include individual and joint checking, savings and money market accounts in good standing with us and for which you own or for which you have the authority to transfer funds, from which you transfer the funds to or from is referred to herein as an «Internal Account.»

An Account you maintain with another U.S. Financial Institution, which may include individual and joint checking, savings and money market accounts in good standing and for which you own or for which you have the authority to transfer funds, from which you transfer the funds to or from is referred to herein as an «External Account.»

You acknowledge and pledge to the Credit Union a statutory lien in my / our shares and dividends on deposit in all joint and individual accounts and any monies held now and in the future, to the extent of any loan made and any charges payable.

Any joint Account holder may individually, without notice to other joint Account holders, authorize us to buy, sell, tender, or exchange securities in the Account and to receive any monies or securities into the Account.

He suggests we continue to invest all the profits, in our joint investment account, and he will transfer me any moneys gained as needed.

«I decided it would be easier if we had a joint account, but I had concerns,» says Claire, who lives in New Westminster, B.C. «Darrell wasn't that great with money.

Joint accounts work well for people who spend money in a similar way.

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.

When you have a joint account two people have access to the money in that account.

Thus, money in a joint bank account is considered marital property, even if only one spouse actually contributes to it.

For example, if you own a furniture store, and your spouse occasionally comes in to help answer the phones, or balances the books every night, or purchased some of the shelving in your store with money for a joint account, then he or she may be able to claim a portion of the business proceeds.

In some cases, if a person has a reasonable belief that their spouse is going to withdraw most or all of the monies in the joint bank account, then taking half of the money out of the joint bank account to keep separately in an individual account and leaving the other half for the spouse may be the best option in that scenariIn some cases, if a person has a reasonable belief that their spouse is going to withdraw most or all of the monies in the joint bank account, then taking half of the money out of the joint bank account to keep separately in an individual account and leaving the other half for the spouse may be the best option in that scenariin the joint bank account, then taking half of the money out of the joint bank account to keep separately in an individual account and leaving the other half for the spouse may be the best option in that scenariin an individual account and leaving the other half for the spouse may be the best option in that scenariin that scenario.

When the money is taken out of the joint account, the amount that is taken out and by whom, and how the money is used are all up for consideration by the court in a divorce case in Florida, so having the advice of an attorney before making any drastic decisions is recommended.

On appeal, Bedic argued that the trial judge erred (1) in his findings with respect to two of the properties, and (2) in finding that he had improperly taken money from the parties» joint account.

Wealth Management in Mayfield, Kentucky Fox Turner recommends: Open a joint account right away and keep individual accounts for personal purchases and fun money.

If you find that you're the thrifty one, but money tends to burn a hole in the pocket of your partner, you might consider keeping separate, not joint, checking and savings accounts to avoid conflicts.

By openly discussing your finances, you can then decide whether you'll merge your money into a joint bank account or keep funds separate in your own individual accounts.

But the way I see it, when you share your money in a joint bank account, you don't have to worry about who earns more or who owes what.

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.

if you're separating from your partner, divorcing or dissolving your civil partnership, money in a joint savings account belongs to each of you equally, unless a court decides differently.

Joint checking / savings accounts, separate money deposited in a joint checking / savings account, jointly owned real estate, gifts from one spouse to the other — all are marJoint checking / savings accounts, separate money deposited in a joint checking / savings account, jointly owned real estate, gifts from one spouse to the other — all are marjoint checking / savings account, jointly owned real estate, gifts from one spouse to the other — all are marital.

An exception exists if you muddied the waters of your separate ownership, such as if you titled a particular asset in joint names or deposited your separate money into a joint marital account.

When we say «community funds,» we mean money in a joint bank account, as well as any funds earned by either you or your spouse during the marriage.

This can occur in either an individual or joint account since it is the character of the money in the account, rather than the names on the account, that determines whether money is commingled.

Usually this results in the closing of joint accounts and the opening of separate accounts with appropriate transfer of money.

When a divorce court judge looks at the money in those bank accounts, he must apply your state's laws to decide whether the funds are joint property or one spouse's separate property.

Smart tax - planning can put more money in your joint bank account.

While TIC investors own a property in common, just as a husband and wife own all the money in their joint checking account, returns from the acquired property are paid in proportion to individual investments, enabling relatively small investors to benefit from the economies of scale related to a large property investment.