money in joint accounts

s1avery

Hi

My friend and his wife have all their money in joint accounts and he wants to leave her. He's not bothered about divorcing he just wants to go!

I'm trying to convince him otherwise but he's under the impression he can transfer all their joint money to the account solely in his name and be scot-free with no recompense.

Is that true?

MissMotivation

Why doesn't he tell her he's leaving and split what is in the accounts 50/50?

Sounds like a nice guy.....not!

neneromanova

Yeah that would never happen as the money is 50/50 as it's in a joint account.

louisaj28

neneromanova wrote: »

Yeah that would never happen as the money is 50/50 as it's in a joint account.

but it doesn't stop him taking it all out...depends on the account but most joint accounts allow either person to do transactions...

bryanb

s1avery wrote: »

Hi

My friend and his wife have all their money in joint accounts and he wants to leave her. He's not bothered about divorcing he just wants to go!

I'm trying to convince him otherwise but he's under the impression he can transfer all their joint money to the account solely in his name and be scot-free with no recompense.

Is that true?

Yes he could do it if the accounts are on one signature. He'd have to be very crafty not to raise suspicion at the banks.
No sure about the scot-free bit.

neneromanova

louisaj28 wrote: »

but it doesn't stop him taking it all out...depends on the account but most joint accounts allow either person to do transactions...

Yes but when it comes to the woman divorcing him she can prove that he withdrew all the money and she took none so if they have a house he would get a lesser share

How much are we talking about?

Jojo_the_Tightfisted

Other than the fact that you would know he's an amoral, thieving, deceitful scumbag.

gratefulforhelp_2

OP its time you stopped talking to this bloke.

Pollycat

gratefulforhelp wrote: »

OP its time you stopped talking to this bloke.

Yeah - and started telling his wife what a low-down weasel he is and what his plans are.

Nobody deserves to be treated like that.

snugglepet20

I know a guy who did this, just drained the bank account and ran off. Left his disabled wife with 40 grand of debt and no way to pay, she had a stroke from the stress and died and he got all the inheritance money because she had no will. Tell his wife what he is planning and get her to start protecting her assets from him there is no telling how low he could sink.

pinkshoes

There's nothing to stop him taking the money, but she would also be quite entitled to file a court case against him to pay back the half that was hers. This could land him a CCJ, and screw up his credit score for a LONG time, so it's not worth it.

If he's a man, he should take only his half. If he's a man, he should also discuss his wanting to leave with her, as just running away is cowardly!

He also needs to get the account frozen so that she can't then go overdrawn on it, as he'll still be responsible!