0
Can you get in trouble for using funds from a joint account with your husband and his mother only?
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.
What else can I help you with?
Can you get in trouble if you cash checks with no funds in your account?
they will send you a letter and bounce the check
Can a husband that is in prison assign power of attorney to his mother over the joint checking account between him and his wife and can the mother who has power of attorney take money out of the accou?
Yes. The husband can execute a POA making his mother the attorney-in-fact to act on his behalf. The wife should withdraw at least half the funds in the account and deposit it in her own name. She might want to discuss the situation with an attorney if a considerable sum of money is involved. The situation would be intolerable to most wives.Yes. The husband can execute a POA making his mother the attorney-in-fact to act on his behalf. The wife should withdraw at least half the funds in the account and deposit it in her own name. She might want to discuss the situation with an attorney if a considerable sum of money is involved. The situation would be intolerable to most wives.Yes. The husband can execute a POA making his mother the attorney-in-fact to act on his behalf. The wife should withdraw at least half the funds in the account and deposit it in her own name. She might want to discuss the situation with an attorney if a considerable sum of money is involved. The situation would be intolerable to most wives.Yes. The husband can execute a POA making his mother the attorney-in-fact to act on his behalf. The wife should withdraw at least half the funds in the account and deposit it in her own name. She might want to discuss the situation with an attorney if a considerable sum of money is involved. The situation would be intolerable to most wives.
If your bank account has been frozen because your ex-husband filed for bankruptcy how can you get your funds out?
A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the bankruptcy trustee to learn what is necessary to have their percentage of the funds returned.
What happens if a custodian on a trust account takes money our of the account without knowledge or approval of beneficary Mother took money out of daughter's account and will not go to the bank to transfer funds into child's account.?
Nothing will happen.
How do you transfer funds online?
If you have a bank account, doing a fund transfer is quite easy. All you need is the transfer details for the other bank. If you are having trouble transferring funds, speak to your bank executive for help.
My checking and savings account have been frozen by a credit card company. My husband's name is not on this debt but we have a joint checking account. Can they take all of our money?
If it is a joint account, they can take the funds in that account. Depending on which state you live in, there are different exemption rules. In Michigan, they can take all the funds, even if the account is joint, as long as it has your name on it. If your husband had an account with his name only (which is what you may want to set up immediately), then they could not take those funds. Your husband is not legally responsible for your credit card debts if your name is the only name on the credit card. Check with your state's laws regarding collection and exemptions.
Can my husband's ex wife file any claims against my bank accounts?
Only if she thinks that you have either stolen from her or secretly (and quite possibly illegally) transferred funds from her account to someone else's account.
If your sister leaves you money and you put it in a separate account is your husband intitled to a portion of it in NYS?
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.
I have a joint account with my mother and father upon their death can i withdraw the funds?
Yes, you can do that. Since you are the joint holder of the bank accounts of your mother and father, you can very well withdraw funds from the account. However it is better to provide your parents' death certificate to the bank and convert them into single holding accounts because your parents are deceased and they can no longer use the accounts.
Can someone direct deposit funds into my account?
Yes, someone can direct deposit funds into your account with your permission and providing them with your account details.
Can the estranged wife have a bank account frozen that is jointly held by her husband and his sister?
Not without a court order. In most instances the only time a court would issue such an order would be in relation to child support arrearages. Even in cases where the husband removed funds from a joint marital account and opened an account with his sister using those funds, the wife would have to file a lawsuit to attempt to recover her portion, (attempt being the key word).
If your husband was his deceased father's bank account nominee how do you recover the account funds?
If the named person is not a joint account holder with rights of survivorship the bank account monies will become the property of the probate court and be distributed according to succession law of the state where account holder resided at the time of his or her death.
