Legal Question in Banking Law in Utah
joint bank accounts
I am a joint owner of a bank account and recently I withdrew money from the account. The co owner now wants to press charges and is trying to get me to pay back the money. What do I do?
Asked on 5/08/07, 3:32 pm
2 Answers from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: joint bank accounts
If this is marital property, you are entitled to the money as much as the other person. If this is not marital funds, and you have no right to them then pay back any money to which you are not rightfully entitled.
Answered on 5/09/07, 5:35 pm
David Anderson
Anderson Business Law LLC
Re: joint bank accounts
WHo put the $ in? What was understanding re: account usage?
Related parties? Business Partners?
Nobody is going to prosecute a Joint Account holder.
Call or email for further assistance.
I have 25 years banking law experience.
Answered on 5/08/07, 3:40 pm
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