Joint accounts are very common financial tools among spouses and partners, but they can become a source of legal conflicts, especially in cases of separation or divorce. It is essential to understand how Italian law regulates the management and access to these accounts.
Embezzlement occurs when a person unlawfully takes possession of someone else's money or goods, using them without authorization. In the context of a joint account, one spouse could be accused of embezzlement if they use the funds without the other’s consent.
"Embezzlement is governed by Article 646 of the Italian Penal Code, which provides severe penalties for those who unlawfully exploit someone else's property."
In a regime of separation of assets, the management of joint accounts becomes even more delicate. Each spouse retains exclusive ownership of the assets acquired during the marriage, unless they are joint. This means that unauthorized use of funds by one of the spouses could be considered illegal.
To avoid legal issues related to joint accounts, it is advisable to clearly establish financial agreements between spouses. Legal advice can help prevent accusations of embezzlement and manage the separation of assets fairly.
If you are facing legal issues related to joint accounts or embezzlement between spouses, do not hesitate to contact the Bianucci Law Firm. Our team of experts is ready to provide you with the necessary assistance to effectively resolve any disputes.