If an account is under two individuals name, and one of the person decides to transfer that money under his name only, can the other person do anything about it? Like get a lawyer or perhaps just redo it?
and these two people are married.
2006-08-12 10:16:40 · 5 answers · asked by Zarcaris 2 in Politics & Government ➔ Law & Ethics
Either party has the right to close the account without the consent of the other, however neither party can just write the other off of the original account without the other party signing the card to remove themself from the account. So if they just transfered the money out of the joint account and into an individual account they were fully within their rights.
2006-08-12 22:42:15 · answer #1 · answered by Rebecca - 3 · 0⤊ 0⤋
Technically, nothing can be done. Take it from someone who had $10,000 transferred out from under her. If the money is already transferred out of the account the other person can do nothing because he/she won't have access to the new account the money has been put into or the mattress it's been hidden under.
2006-08-12 17:30:01 · answer #2 · answered by Kateri 1 · 0⤊ 0⤋
In most joint accounts, anyone named on the account can withdraw/transfer any/all of the money without the others permission. They could not remove a name from the account without permission.
2006-08-12 20:15:03 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
nope your SOL, like the above answer it is a joint account, if one person went and wrote hot checks all over the place, you and the other person are goin to be held responsible,, i recommend seperate accounts
2006-08-12 17:23:38 · answer #4 · answered by SUNSHINE 5 · 0⤊ 0⤋
That's what happens with joint bank accounts.
2006-08-12 17:22:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋