Can i use the dividends and interest in seperate property to pay the financial advisor fee on the account?
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Can i use the dividends and interest in seperate property to pay the financial advisor fee on the account?
I have a separate account that is a fee only stock account. I know the dividends and interest are community property in Texas. Can I use the dividends and interest to pay the advisor fees?
Asked on June 29, 2016 under Family Law, Texas
Answers:
B.H.F., Member, Texas State Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
This is a continuation of the first answer....Most courts only have prohibitions on the use of community funds and frown on the use of any funds that would result in a major loss of community assets.
B.H.F., Member, Texas State Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
As long as there is not a court order which says that you cannot pay these fees with these funds, then you can pay the financial advisor with separate property.
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