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Laura PourMeADrink

(42,770 posts)
Mon Mar 12, 2018, 11:57 AM Mar 2018

Florida divorce question...

My friend in Florida had her husband tell her - after 23 years of marriage that he is in love with a woman (a LOT older who was actually Jimmy hendrix's girlfriend !) and wants a divorce.

She is worried about her savings account in her name only. NOTHING has been filed yet. Can she take the money out now and hide it? She said she could just say - she withdrew and blew it all in Vegas if divorce went forward. All I could find was stuff about joint accounts - which makes sense - they said you could withdraw half - but if you spend it frivolously judge may make you pay it back.

but my question is about single personal accounts. don't see the difference between just spending it all freely anytime you want. since nothing actually filed yet.

21 replies = new reply since forum marked as read
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Florida divorce question... (Original Post) Laura PourMeADrink Mar 2018 OP
The usual advice-- take some of that money and pay a local divorce lawyer for proper advice. TreasonousBastard Mar 2018 #1
Consult an attorney! Floyd R. Turbo Mar 2018 #2
Florida is an equitable distribution state HopeAgain Mar 2018 #3
This. Use it to hire an attorney. Lochloosa Mar 2018 #5
That is obvious ..attys will be involved of course! Why Laura PourMeADrink Mar 2018 #11
I think you're missing the point fo the suggestion - Ms. Toad Mar 2018 #16
No not missing any point but perhaps should Laura PourMeADrink Mar 2018 #17
But even before anything even filed? I am not getting Laura PourMeADrink Mar 2018 #7
INTENTION becomes important, elleng Mar 2018 #8
There's a difference between HopeAgain Mar 2018 #12
She could always overpay for a Trump property. sarcasmo Mar 2018 #4
Have u seen Ozark on Netflix? The whole money Laura PourMeADrink Mar 2018 #10
Yeah, that story line was great. sarcasmo Mar 2018 #14
Maybe when you get a second you Laura PourMeADrink Mar 2018 #15
"Hide" it? That sounds illegal. Consult a lawyer. (n/t) Iggo Mar 2018 #6
So just curious if you knew nothing about Laura PourMeADrink Mar 2018 #9
I was just curious. Iggo Mar 2018 #13
She should get creative... Phentex Mar 2018 #18
If he can't withdraw money from it she shouldn't worry TexasBushwhacker Mar 2018 #19
But isn't a personal account in your name part of the total combined assets? Laura PourMeADrink Mar 2018 #20
I love musicians, artists, actors etc. but you have to be able to support yourself TexasBushwhacker Mar 2018 #21

Ms. Toad

(34,076 posts)
16. I think you're missing the point fo the suggestion -
Tue Mar 13, 2018, 07:28 PM
Mar 2018

Hire an attorney - not for the divorce - but to ask the attorney this question.

 

Laura PourMeADrink

(42,770 posts)
17. No not missing any point but perhaps should
Tue Mar 13, 2018, 10:50 PM
Mar 2018

Have prefaced..." Of course! My friend will be consulting an attorney...of course...but in the meantime. Any knowledgeable Florida divorce people out there ?

 

Laura PourMeADrink

(42,770 posts)
7. But even before anything even filed? I am not getting
Mon Mar 12, 2018, 11:09 PM
Mar 2018

Divorced...but I could take anything I want out of my personal savings today and give it to people at the subway station if I wanted to. So the minute the partner says I want a divorce is that magic point ? The point the partner has rights to it?

HopeAgain

(4,407 posts)
12. There's a difference between
Tue Mar 13, 2018, 06:49 AM
Mar 2018

spending the money and secreting it away to have after the divorce without the spouse's knowledge.

 

Laura PourMeADrink

(42,770 posts)
15. Maybe when you get a second you
Tue Mar 13, 2018, 06:36 PM
Mar 2018

Can explain something we couldn't wrap our brains around. How was he benefitting from those pumped up invoices for air conditioners ? Was the seller in on it ? Couldn't grasp the money laundering trail

 

Laura PourMeADrink

(42,770 posts)
9. So just curious if you knew nothing about
Mon Mar 12, 2018, 11:42 PM
Mar 2018

Florida divorce law why did u click in this ? Not being mean just wondering why anyone would think there would be no lawyer involved ? Big duh.

Iggo

(47,561 posts)
13. I was just curious.
Tue Mar 13, 2018, 08:14 AM
Mar 2018

But when I saw that you were asking a message board if your friend should commit what looked to me like a crime, I felt I should speak up.

Phentex

(16,334 posts)
18. She should get creative...
Wed Mar 14, 2018, 09:14 AM
Mar 2018

I'll leave it at that.

Oh, and hire a great attorney and not try to be all nicey nice about it.

TexasBushwhacker

(20,205 posts)
19. If he can't withdraw money from it she shouldn't worry
Wed Mar 14, 2018, 11:03 AM
Mar 2018

My main concern would be him emptying joint bank accounts and running up the balances on any joint credit cards or closing the accounts. If I was in a similar situation I would pay off joint credit cards, if at all possible, and pay some bills in advance" like mortgage payments etc, all from the joint account. If their house needs any big repairs, like a new roof, those should be taken care of now too. Should she keep the house she wouldn't want to be stuck with those big bills to pay all by herself. She could then take half the balance of any joint accounts and open her own account.

It certainly couldn't hurt to go to her bank and let them know, in no uncertain terms, that he CANNOT withdraw money from her individual account. Of course she could close the account and open one elsewhere and he wouldn't know about it.

Mid life crisises can be expensive.

 

Laura PourMeADrink

(42,770 posts)
20. But isn't a personal account in your name part of the total combined assets?
Wed Mar 14, 2018, 11:23 AM
Mar 2018

Yes - savings only in her name. Very good suggestion about informing the bank !

Very interesting what you mention about home repairs. On one hand, it increases equity which you will have to split....but on the other hand, if you stay, you won't have to finance the improvement later.

One part of the story I left out...is that my friend has always been the main provider. He is a musician - and like many musicians - they become "married" to the notion that some day their ship will come in. So you start out when you are young and in demand - and never get educated/trained on anything else. Then you age, and no one wants to hire you in music and you have no other skills.

She has built a real estate business on her own - and savings - and now - after all the years of pretty much supporting him he's gonna get half - and even wants alimony. All legal - but seems so unfair. Guess she allowed it though.

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