5 Reasons Divorce Lawyers Say Get Rid of Your Joint Account


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Sep 18, 2023

High on the list of reasons couples divorce is financial conflict and deep financial stress. 

One way to avoid this is to do things that avoid arguments over money, one of which would be not to have a shared checking and/or savings account.  Many people have joint account to avoid an estate process or access to funds if a spouse disappears, is incapacitated or God forbid dies.  However, managing money together can often cause stress, especially if the spending habits of one wreaks havoc for the other. 

Further, many couples do not have frank, open conversations about finances, estate planning or even just how they view and feel about money.  You would be surprised the differences people have in their relationship with/to money.  Again, having open, honest communication early on is helpful.

If you have any questions, please feel free to contact me

Selected excerpt(s) and linked article courtesy of Caitlyn Moorhead, gobankingrates(dot)com
Royalty-free photo courtesy of Pixabay

Concetta Spirio.  A Compassionate Collaborative Divorce Attorney, Mediator & Peacemaker Providing The Highest Level of Legal Representation For Over 35 Years.

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