The simple answer is yes, but you may want to let your spouse know about what you intend to do before you do it. Otherwise, there may be confusion that could cause headaches and time wasted clearing things up. You may want to check the details about any specific accounts you may be interested in, but there are accounts out there that allow you to have joint and/or separate accounts through a financial institution.
Of course. That's the purpose of a "joint" account.
If you have separate accounts, you can each have $100,000.00, for a total of $200,000.00. If it's a joint account, $100,000.00 is the limit.
Generally speaking, if the husband is not a joint accountholder or an authorized signer, he should not be permitted to withdraw money from his wife's personal account. As long as the wife reports the unauthorized withdrawal within the time frames required by your specific state statute, the bank is liable.
Under the following circumstances the husband cannot file charges against his wife for taking money out of his account:If the wife is a joint account holder in the accountIf the wife was in possession of the husbands ATM or Debit card when she withdrew money from his accountIf the wife was in possession of a signed check linked to the husbands bank accountIf neither of the above conditions are true, then the husband can legally file charges against his wife for taking money from his account without his notice.
A joint bank account is just like any account. You can withdraw money by all means like ATM, Checks, Withdrawal through withdrawal slips in the bank etc. however, the only difference is the fact that either of the account holders of the joint account can do this and one party cannot restrict the other parties involved in the joint holding of the account from withdrawing funds from the account.
Of course. That's the purpose of a "joint" account.
A Joint Savings Account is when two people have joint access to the savings account. If a Wife and Husband, Boyfriend and girlfriend, parents and child open a Joint Account then "either" one of them can access ALL the money in the account. If one of them is involved in an illegal activity the Police can freeze the WHOLE account and "can" take ALL the money. It would be up to you to prove the money didn't come from the illegal activity. (Actually they would freeze separate accounts in the same household also) Good and bad parts are you both can access the money as needed, but the other person can "empty" the account with out your say so.
A Joint Savings Account is when two people have joint access to the savings account. If a Wife and Husband, Boyfriend and girlfriend, parents and child open a Joint Account then "either" one of them can access ALL the money in the account. If one of them is involved in an illegal activity the Police can freeze the WHOLE account and "can" take ALL the money. It would be up to you to prove the money didn't come from the illegal activity. (Actually they would freeze separate accounts in the same household also) Good and bad parts are you both can access the money as needed, but the other person can "empty" the account with out your say so.
Yes, they can. A joint account is equally held by the account holders and can be pledged against the debts owed by either of the account holders.
No. As long as you are filing for bankruptcy by yourself, your money with your husband will remain joint. Keep in mind that any debts you may share with your husband will remain with him as well.
Joint accounts. A joint account has both peoples' names on it so either of them can withdraw from it. Also there's no saying they couldn't have separate accounts and still be able to deposit and withdraw from the same bank. Just not from the same account.
If YOU are the inheritor of a portion of an estate it does not automatically become community property. It is YOU that was named, not you and your husband. CAUTION: the question states that it is in a separate account - do not inter-mingle these funds with other "household" money or accounts.
If your husband is on this account because he's on theJoint Account with Right of Survivorship: the joint account-holder becomes Joint Owner & can write checks & withdraw money from the bank or broker account or make investment decisions without knowledge or permission of other Joint Owner; easy to create; no legal expenses incurred upon creation nor upon death of Owner; no need for death certificate unless Tax Identif. Number must be changed.And the money is primarily hers or if he attributes money for her home expenses and your not on the account then the two of them decide your using this money without their knowledge and report you, YES you could get in trouble, it's called Stealing, fraud, money laundering.
He cannot remove your name from the account. However, he can close the account and then open a new account with the money. Just remember this can work both ways. With a joint account either person can go in and close the account out and then take the money and open themselves a new account. Most of the time it depends on who makes it to the bank first to close out the account.
A joint bank account belongs to the surviving owner.
No she can't as a matter of fact without his written permission she can't even get general information about that account. This is what I found to be amazing, if this couple has a joint savings account, but the husband's name is the only one on the checking account, he is the only one that can legally transfer money from the savings account to the checking account. It also works this way if there is a joint checking account and money needs to be transferred from the joint checking account, to the savings account with only the husband's name on it, he is the only one that can move money from one account to the other. I am a bank manager and I know this is more information than you asked for, but when I have to explain this to couples, it often leads to a very heated discussion between them in my office. I live in Virginia and I can only answer for Virginia. I hope you found this answer helpful.
If you have separate accounts, you can each have $100,000.00, for a total of $200,000.00. If it's a joint account, $100,000.00 is the limit.