1-retired spouse, 1-disabled. Married 2-years. couple obtained reverse mortgage. real property made joint tenancy. Both spouses on title. loan funded to joint bank account. 1-spouse removed all money from joint account. is 2nd spouse victim of fraud?
It is not fraud since the money being placed in a joint account is an indication that the money is available for either of you to use. If a divorce was filed, you could seek reimbursement if the funds were used not used for a legitimate marital purpose. The longer you wait to take action is an indication that you approved of his actions.
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