How to Handle Joint Accounts During a Divorce

Second Saturday Team

Finances

Description of Joint Accounts

Joint accounts are commonly used by couples to handle their finances together. These accounts can be convenient for paying shared expenses such as rent, utilities, and groceries. However, when a couple decides to divorce, joint accounts can become a major source of disputes and complications. It is important to fully understand the legal implications of joint accounts and how to handle them during divorce proceedings. In this article, we will provide valuable information on how to separate joint accounts during divorce, deal with joint accounts after divorce, as well as withdrawing money from joint accounts before divorce.

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"Being in the process of divorce (or even thinking about it) it's scary. A reliable source of information is crucial to feel empowered and make good, long-term decisions. Second Saturday opens a honest discussion so we can face our worst fears, have a plan, and understand how the divorce process works. Mark and Dana manage to be professional and share accurate and thorough information while understanding the turmoil, grief and deep challenges we are going through. I strongly recommend this workshop for anyone who needs information, hope, resources, a clearer picture or all of the above."

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"I think there is a lot of fear around divorce. Fear of uncertainty. Fear of what the future will bring. Fear of the process. I was fearful once, myself, when I went through the process prior to becoming a divorce attorney. No one can take away uncertainty about the future, but I learned I can help alleviate fear regarding the process of getting a divorce. Knowledge is power. And when I provide knowledge to people about the process, I can see some of their fear melt away. I love helping people in this way."

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