Division of Savings

[Pipsqueaked]

Asking for my Dsis. If a couple who aren't married have a joint account for several years and all that time one partner has been removing money each month from that account into a separate savings account in their name only when they separate is the other partner able to claim any of that money back as it came from their joint money?

Aah sorry for lack of punctuation. Typing on my phone whilst breastfeeding baby.

I would guess (and it is a guess as I'm not legally trained) that money in an unmarried partners sole account would not need to be split.

No - if the account is either to sign the either can remove money and place it elsewhere and it would be their own at that point

I am afraid people are right. They allowed it to happen. they allowed them to be joint signatories and if the other person simply chose not to look at the bank statement for years then that is their look out. Also it would be counted as a gift. The problem is that the joint account means you are basically allowing them to have all the money.

It might be possbile to prove some kind of agreement the money was not to be touched for years particularly if that were in a written contract but I bet there is nothing like that.

That's what I suspected. Poor Dsis her ex managed over 8 years to take just over 25k from their joint account to his own personal savings. Not sure how she didn't notice it at the time!

It's awful. I do check my bank account on line every day of the year. I think we probably need more women to take notice of financial matters just more generally including knowing about pensions and that kind of thing. It might feel boring for some people but it's vital. No point in saying that to her now though as it's done, poor thing.