Asked in Credit and Debit CardsBankingCommercial Bank and Checking Accounts
Can you get in trouble for using funds from a joint account with your husband and his mother only?
November 01, 2007 7:14PM
If your husband is on this account because he's on the
Joint 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.