Advertisement
YOU ARE HERE: LAT HomeCollectionsJoint Account
IN THE NEWS

Joint Account

FEATURED ARTICLES
BUSINESS
May 24, 2013 | Liz Weston, Money Talk
Dear Liz: I just finished paying off my last credit card and checked my credit report as I am now separated from my wife. I found we had one joint account that she had not been paying. There are two stretches of five months each of no payment. I immediately called up the creditor and paid off the balance and the creditor closed the account due to the lack of payments. This one account killed my credit score. I also found two old accounts on my credit report that are both still active but I have not used them for years.
ARTICLES BY DATE
CALIFORNIA | LOCAL
June 26, 2013 | By Rick Rojas
A Riverside County public defender surrendered to federal officials Wednesday as she faces charges of collecting nearly $130,000 in Social Security benefits intended for her grandmother, who died more than a decade ago, authorities said. Audrey Owens, 60, was charged in federal court earlier this month in an alleged scheme in which she fraudulently received federal aid benefits for 12 years, according to a statement from the U.S. Department of Justice. She could face a maximum penalty of 10 years in federal prison.
Advertisement
BUSINESS
October 10, 2010 | Liz Pulliam Weston, Money Talk
Dear Liz: My husband and I have been happily married for a year but have reached a disagreement on how to handle our finances. I think that we should have a joint bank account only to pay bills, with each of us putting in a percentage of our income into it while retaining separate accounts for everything else. He thinks that we should have just a joint account. I'm the main breadwinner, so it's primarily my money that would be going into the account, and I'm just not comfortable having only a joint account.
BUSINESS
May 24, 2013 | Liz Weston, Money Talk
Dear Liz: I just finished paying off my last credit card and checked my credit report as I am now separated from my wife. I found we had one joint account that she had not been paying. There are two stretches of five months each of no payment. I immediately called up the creditor and paid off the balance and the creditor closed the account due to the lack of payments. This one account killed my credit score. I also found two old accounts on my credit report that are both still active but I have not used them for years.
BUSINESS
February 16, 1999 | ALBERT B. CRENSHAW, WASHINGTON POST
With the fading of the savings and loan crisis amid the economic boom of the mid-1990s, few people worry about losing a big chunk of their savings through a bank failure. But as international financial crises grind along, with reports from other countries about the potential insolvency of banks, the deposit insurance that U.S. bank customers enjoy is pleasantly reassuring. The "full faith and credit" of the U.S.
BUSINESS
February 19, 2006 | Kathy M. Kristof, Times Staff Writer
Thanks to a federal budget bill signed into law this month, using bank accounts to store large sums for retirement may become a more attractive option. The legislation contains long-sought reforms to federal deposit insurance, which covers as much as $100,000 per depositor. The biggest change: Starting no later than November, depositors will get as much as $250,000 in insurance coverage for retirement accounts. The amount covered in other accounts will stay at $100,000.
CALIFORNIA | LOCAL
March 13, 1997 | RICHARD WINTON, SPECIAL TO THE TIMES
Ignoring a prosecutor's argument that the mother of a gunman killed in the North Hollywood bank robbery is a flight risk with possible access to her son's ill-gotten gains, a Pasadena judge Wednesday reduced the woman's bail from $250,000 to $50,000. Valerie Nicolescu-Matasareanu has been charged with abusing a mentally disabled woman. Her son, Emil Matasareanu, was one of the two gunmen killed in a shootout with police Feb. 28 after a botched bank robbery.
CALIFORNIA | LOCAL
June 26, 2013 | By Rick Rojas
A Riverside County public defender surrendered to federal officials Wednesday as she faces charges of collecting nearly $130,000 in Social Security benefits intended for her grandmother, who died more than a decade ago, authorities said. Audrey Owens, 60, was charged in federal court earlier this month in an alleged scheme in which she fraudulently received federal aid benefits for 12 years, according to a statement from the U.S. Department of Justice. She could face a maximum penalty of 10 years in federal prison.
NEWS
May 28, 1998 | ROBERT L. JACKSON, TIMES STAFF WRITER
Congressional investigators searching for possible conduits of Chinese money into the 1996 Democratic campaign are focusing on Keshi Zhan, a woman once described by Democratic fund-raiser Yah Lin "Charlie" Trie as his social secretary.
BUSINESS
July 15, 1990 | BILL SING
By now you may have heard that Congress is considering reforms in federal deposit insurance--a system that some say helped contribute to the nation's mounting savings and loan fiasco. But some new rules for deposit insurance are already scheduled to go into effect beginning July 29. And while the basic $100,000 limit on coverage is not affected, there are a few modifications that you may need to act on to protect yourself in a bank or thrift failure.
BUSINESS
February 10, 2013 | Liz Weston, Money Talk
Dear Liz: My boyfriend is deployed. I have his power of attorney, and during his deployment I have paid off all of his credit card debt. The accounts now need to be closed because they are ones that were acquired with his former wife. I know you say that it will hurt his credit to close accounts, but I'd rather close them because they're tied to his ex. Answer: If the former wife is a joint account holder on the cards, they should have been closed and the balances transferred to other credit cards in his name only before the divorce was final.
BUSINESS
July 22, 2012 | Liz Weston, Money Talk
Dear Liz: I went through a divorce in the last year after being separated for two years. During our separation, we closed credit cards with high balances to make sure neither party would spend more on credit. We also had to short sell our home. So, as a single woman in her mid-30s, I have credit that's somewhat shot for now. How many months should I expect the short sale to affect my credit scores? And was closing the credit card accounts good or bad for my credit? Answer: Closing credit accounts can't help your credit scores and may hurt them.
BUSINESS
October 10, 2010 | Liz Pulliam Weston, Money Talk
Dear Liz: My husband and I have been happily married for a year but have reached a disagreement on how to handle our finances. I think that we should have a joint bank account only to pay bills, with each of us putting in a percentage of our income into it while retaining separate accounts for everything else. He thinks that we should have just a joint account. I'm the main breadwinner, so it's primarily my money that would be going into the account, and I'm just not comfortable having only a joint account.
NATIONAL
October 21, 2008 | Dan Morain, Morain is a Times staff writer.
Barack Obama raised more than $36 million last month for an account he shares with the Democratic Party, close to half of it from wealthy California donors who gave up to $61,600 each. Federal law caps direct donations to a presidential campaign at $4,600, but Obama and John McCain have used a loophole in the law to set up joint accounts with their parties to which people contribute far more.
BUSINESS
February 19, 2006 | Kathy M. Kristof, Times Staff Writer
Thanks to a federal budget bill signed into law this month, using bank accounts to store large sums for retirement may become a more attractive option. The legislation contains long-sought reforms to federal deposit insurance, which covers as much as $100,000 per depositor. The biggest change: Starting no later than November, depositors will get as much as $250,000 in insurance coverage for retirement accounts. The amount covered in other accounts will stay at $100,000.
BUSINESS
February 16, 1999 | ALBERT B. CRENSHAW, WASHINGTON POST
With the fading of the savings and loan crisis amid the economic boom of the mid-1990s, few people worry about losing a big chunk of their savings through a bank failure. But as international financial crises grind along, with reports from other countries about the potential insolvency of banks, the deposit insurance that U.S. bank customers enjoy is pleasantly reassuring. The "full faith and credit" of the U.S.
BUSINESS
February 10, 2013 | Liz Weston, Money Talk
Dear Liz: My boyfriend is deployed. I have his power of attorney, and during his deployment I have paid off all of his credit card debt. The accounts now need to be closed because they are ones that were acquired with his former wife. I know you say that it will hurt his credit to close accounts, but I'd rather close them because they're tied to his ex. Answer: If the former wife is a joint account holder on the cards, they should have been closed and the balances transferred to other credit cards in his name only before the divorce was final.
BUSINESS
April 25, 1995 | DEBORA VRANA, TIMES STAFF WRITER
Kenneth Leventhal & Co., a boutique accounting firm in Century City that is one of the nation's best-known workout specialists in commercial real estate, announced Monday that it has agreed to merge with Ernst & Young, the New York accounting giant. The merger, to be completed on June 1, is expected to allow Leventhal to become a global force in real estate.
NEWS
May 28, 1998 | ROBERT L. JACKSON, TIMES STAFF WRITER
Congressional investigators searching for possible conduits of Chinese money into the 1996 Democratic campaign are focusing on Keshi Zhan, a woman once described by Democratic fund-raiser Yah Lin "Charlie" Trie as his social secretary.
CALIFORNIA | LOCAL
March 13, 1997 | RICHARD WINTON, SPECIAL TO THE TIMES
Ignoring a prosecutor's argument that the mother of a gunman killed in the North Hollywood bank robbery is a flight risk with possible access to her son's ill-gotten gains, a Pasadena judge Wednesday reduced the woman's bail from $250,000 to $50,000. Valerie Nicolescu-Matasareanu has been charged with abusing a mentally disabled woman. Her son, Emil Matasareanu, was one of the two gunmen killed in a shootout with police Feb. 28 after a botched bank robbery.
Los Angeles Times Articles
|