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Why Reinstate the joint savings

  • Wormwood
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25 Oct 11 #294508 by Wormwood
Topic started by Wormwood
The day my X walked out on me for her lover (who is loaded) I transferred all our saving (about 1k) into my named account, making sure she didn't do the same. Upon till now she hasn't cared less about any of my money or assets. However 2 times now she has asked if I can 'make sure that you reinstate the joint savings accounts and ISA's to the amounts they contained when we separated... ' (via email) She has not said why other then she wants 1/2. But why put money back into an account in my name that now empty.

  • Lostboy67
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25 Oct 11 #294513 by Lostboy67
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Hi
I can't see what difference it makes where those savings are, it would all be declared on the form E. I am not sure what the implications of putting money back into an ISA, is that possible ? I don't know.
The only reason I can't think of is she knows about the ISAs/savings in your name. If its a joint account then being the cynical old hector that I am would suspect she would wait until the money was there and the bag the lot...

LB

  • LittleMrMike
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26 Oct 11 #294525 by LittleMrMike
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I'm not sure what difference it makes either.

It is always sensible to close joint account especially if there is reason to believe the ex might empty the account or worse still, run up an overdraft for which you could be jointly liable.

The fact is, life has to go on, even during divorce, and you may need to have access to your savings to manage. There are powers available to the Court to freeze accounts and make orders preventing dispositions designed to defeat the wife's potential claims, but quite honestly, the amount is so small that from her point of view it's not going to be worth the expense.

LMM

  • sexysadie
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26 Oct 11 #294529 by sexysadie
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I don't know about the ISAs, but maybe she feels that you shouldn't have taken all the money from the joint account. It might have been more tactful just to take half and leave her the rest, or even to have transferred half into her sole account.

Best wishes,
Sadie

  • Wormwood
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26 Oct 11 #294546 by Wormwood
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Thanks guys.

I agree may have been more tactful, but I was in panic mode and angry about the affair with a family 'friend'.

However, she is saying that she has a legel right to 1/2 the money in the accounts from the date she left/separated. Is this true for adultery?

For me its the principal of the thing as aposed to the finical.

  • jonathancj
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27 Oct 11 #294836 by jonathancj
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This post is in the cohab forum. Were you married or not?

  • sexysadie
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27 Oct 11 #294854 by sexysadie
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Adultery or any other reason for your split makes no difference, unless there was very extreme bad behaviour, such as trying to kill you.

Sadie

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