Wow, a topic I could really help on. I do peoples taxes for a living and I have to understand the community property states as well as those many states that don't work like that. To better answer your question, I need more information.
Stuff like:
What state are you a resident of?
What kind of a marrage do you have?
Do you have a prenuptual agreement?
Only the first question is important but the other two are more to take this out further. Please respond back and I will help you with the legalities of it.
It makes no difference where she lives or what the laws are in her state, it is a JOINT account. With a joint account in which both parties are able to withdraw funds, everything in the account belongs equally to both parties.
The "community property" laws in various states would not apply to the bank account of a married couple living together. The fact it is is a JOINT account is all that is necessary in any state to make the money in said account as much the property of one partner as the other. The same would be true of a "joint" account between two people who aren't married--the operative word here is "joint."
is it considered community property?
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Wow, a topic I could really help on. I do peoples taxes for a living and I have to understand the community property states as well as those many states that don't work like that. To better answer your question, I need more information.
Stuff like:
What state are you a resident of?
What kind of a marrage do you have?
Do you have a prenuptual agreement?
Only the first question is important but the other two are more to take this out further. Please respond back and I will help you with the legalities of it.
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SweetAdeline
13 years ago
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SweetAdeline
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It makes no difference where she lives or what the laws are in her state, it is a JOINT account. With a joint account in which both parties are able to withdraw funds, everything in the account belongs equally to both parties.
The "community property" laws in various states would not apply to the bank account of a married couple living together. The fact it is is a JOINT account is all that is necessary in any state to make the money in said account as much the property of one partner as the other. The same would be true of a "joint" account between two people who aren't married--the operative word here is "joint."