- Every month, you put all your salary into a joint account with your spouse. Either one of you can go to the bank & draw out the money. But recently, your relationship has soured. What should you do?
- Singapore Divorce Lawyer Recommends the following:
- We recommend you call Lam & Co. as soon as you can at 6535 1800.
- We have come across such situations and we are able to help you.
- Unfortunately, the law on this (as to who the funds in a joint bank account belong to) is less clear that the law on joint tenancy of property.
- (For joint tenancy of property, it is clear that if one party passes away, the survivor becomes the owner of the deceased's half.)
- This will depend on the evidence, including:
- whether there was any express agreement (whether in writing or verbal) between you and your spouse.
- whether there was any implied agreement between the two of you.
- the prior conduct of the both of you, for example, the funds were used:
- only for family purposes.
- also for purely personal things such as a computer game for one of you only.
- whether both parties knew of the way of the funds were used.
- One possible option is for you to check with your lawyer and then
- withdraw all the money by way of funds transfer into your sole account
- and then have your lawyer notify your spouse and
- offer to place the all the money into a new joint account that can only be operated with both parties' approval.
- However, before proceeding with this option, it is important you check with us first so we can understand your particular situation thoroughly before proceeding.
If you have any questions, please call us at 6535 1800.
About Lam & Co.
Here, we seek to appreciate and understand your situation and put your aims and objective first. We will use our tried and tested Lamnco Method(developed over more than 25 years of successful legal experience) and strive for the best possible outcome for you.