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Large deposit joint savings account

Last post Tue, Nov 10 2009, 9:34 PM by maxsteam. 1 replies.
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  •  Tue, Nov 10 2009, 9:34 PM

    Re: Large deposit joint savings account

    If you are considering a divorce, you should avoid joint accounts, joint loans, joint purchases and so on.

    Were you to divorce, hopefully you could decide between yourselves who got what. If you couldn't you would have to go to court for a decision to be made on how to share things between you, your ex and your solicitors.

    • Post Points: 5
  •  Tue, Nov 10 2009, 6:43 PM

    Large deposit joint savings account

    Hello

    My husband owns a flat solely in his own name. We got married and I contributed to the mortgage. We have now bought a house in both our names and are selling the flat. My husband has suggested the money we get from the sale of flat be put into a large deposit joint savings account under both our names. My question is, should we decide to divorce will there be any legal cause on his part to say that as the money in the account came from the sale of a flat that was solely owned by him, I will not be entitled to any of it despite the money being in a joint account? I appreciate any advice you can give. Thank you.

    • Post Points: 20