Girlfriend withdrew 20% of funds from our joint account and I discovered it when i checked online. We contributed 50/50 fund this account. Because of this, she said she's entitled to withdrawing 20%. Is her reasoning logical?
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hdtv2008t
ANSWERS: 7
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It sounds logical...in fact, she probably could withdrawal up to 50% of the balance and be safe. That's what my divorce attorney said to me when I inquired about a joint checking account.
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If you are trusting enough to have a joint acct with a girlfriend, you should just be glad that she didn't take everything and run.
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This is simply basic Arithmetics! You both contributed 50/50. So she owns half of what's in the account. She withdrew 20%, so she could take another 30% and therefore , yes her reasoning is quite logical!
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Since it is a joint account she could legally withdraw as much as she wants to. You should agree to a limit of how much either party will withdraw without the knowledge of the other.
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Thats why the wife and I have our own 401k and investing accounts..........She's being generous..........she could take it all.
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Sure, why not? Unless you were saving for something jointly, what's the problem? You both contributed equally, so if it bothers you, withdrawal your own 20%. You two obviously need to talk about the purpose of the account and what is acceptable...that, or change the account to require both signatures for withdrawals.
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From what I'm reading, it doesn't sound like a monetary problem as much as a communication one. Yes, your girlfriend's logic is sound. But my husband and I never make large withdrawals without talking to each other first. Sometimes large or unexpected bills can come up and you need that money to set things straight. Hubby and I share the business account, but have our own personal accounts. Maybe that might work for you guys?
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