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> Separate checking accounts mean absolutely nothing during a divorce This is not true. They mean a lot during the divorce. They mean little at resolution. But
by prepend 3y ago
> Separate checking accounts mean absolutely nothing during a divorce
This is not true. They mean a lot during the divorce. They mean little at resolution. But the first orders are for status quo and so using your own account and keeping it during the divorce means you have more control and visibility.
Yes, parties can file motions to access and compel payment. But divorce isn’t like on tv, family courts are slow.
With joint accounts it’s easy for one person to drain the cash and do something stupid like spend $75k on fake expenses that take two years to sort out.
With separate accounts, this is not possible.
The assets in accounts are split in community property states. But that’s at resolution and a lot of harm can happen during the course of drawn out disagreements.
Cash flow is important during a divorce (especially one that takes a few years) so feel free to consult with a divorce attorney or a prenup attorney. This is not an issue for illiquid assets and accounts like real estate and 401ks.
- scarface_74 3y agoIs my experience so unique? I went from filing divorce to going to court and getting divorced in less than 4 months. It was uncontested and no kids - well I had a step daughter - and we had only been married four years.
- lazide 3y agoIt is relatively unique, but not THAT unique. In my experience, kids matter a lot in this - as kids give leverage over one or both parties that is not easy to sort out and is long lasting. Both visitation/custody, legal (claims of abuse), and money (child support). Divorces without kids are not guaranteed to be any picnic either, but kids often ramps it waaaay up.