Depends on how your business is set up - sole proprietor, corporation, limited partnership, etc.
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
If the credit card is drawn against the business, that is if it is a business account, then yes. If the card is a personal card, then his estate is responsible for payment of any outstanding debt. Since the business is part of his estate, if in probate it is determined that the business owes the debt, then yes, you or rather the business is responsible.
If the spouses name isn't on the account, it's illegal. If the spouse signed your name, it's forgery.
LIMITED LIABILITY
Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized
an account at a bank against which checks can be drawn by the account depositor.
Yes, the business activities must remain separate from personal activities.
If there is a valid judgment against the account holder, the judgment creditor can levy the bank account to recover the monies owed according to the terms of the judgment and the laws of the state in which the account is held.
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
checking
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
The CORPORATION whcih owns the business account can bring suit against the wife, but the husband, in his own name, may not.
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
It can be hard to open a checking account if you have had a bankruptcy court judgment or bad credit against you. Some banks like NatWest will let you open a Step Account where they track your record for a period of time, then let you move up to a regular account with checking.
In Michigan, a joint checking account can potentially be garnished if one person on the account has a judgment against them. The funds in the account are typically seen as joint property, meaning they can be used to satisfy the debts of any account holder. However, there may be exceptions if the non-debtor can prove that the funds in the account are solely theirs. It is advisable to consult with a legal professional for specific advice regarding your situation.
Call your bank for an explanation of charges against your checking account. The number is on your statement. They're waiting for your call. Operators are standing by.
If the credit card is drawn against the business, that is if it is a business account, then yes. If the card is a personal card, then his estate is responsible for payment of any outstanding debt. Since the business is part of his estate, if in probate it is determined that the business owes the debt, then yes, you or rather the business is responsible.