At least in NY and several other states, it depends upon the type of account whether or not an individual who is a joint owner on an account can withdraw the funds without the other owner's permission. Typically, with bank accounts each individual owner owns 100% of the account and has a right to walk in and withdraw any or all of the funds without needing the other owner's signature or permission. In accounts such as brokerage accounts, each owner is typically thought of as owning 50% of what is in the account, so therefore, in that situation, one of the owners could not simply walk in and withdraw any more than 50% of what is in the account without the other owner's permission.
As far as how this would look in a divorce proceeding, CVA is right, it would not be looked upon favorably by a judge.
Last edited by stewart10; 07/27/0705:15 PM.
http://www.divorcebusting.com/forums/ubbthreads.php?ubb=showflat&Number=1162413&page=2#Post1162413 M-28 W-28 Together 10 years Married 2 years No children Things started taking a turn in 01/07
