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 4 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 4 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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