| If you are in the unfortunate situation of
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| | and liquidates it without your knowledge,
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| getting divorced, then you may be
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| | you could be left in serious financial
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| wondering how to sort out your joint bank
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| | trouble. Although you should be able to
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| accounts. Whether the divorce is amicable
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| | get the money back through the divorce
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| or not, it is important that you both
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| | settlement process, this could take months
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| agree on how to split the monetary funds
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| | and leave you short of funds in the
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| in your joint accounts so that you both
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| | meantime. Whatever you do, make sure that
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| get a fair deal. Here is some advice on
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| | you don't just leave the situation to sort
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| how to handle joint bank accounts and the
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| | itself out.
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| problem of divorce.
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| | Credit cards
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| Freezing accounts
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| | If you hold joint credit cards, then it is
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| If you ware worried about funds in the
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| | important that you cancel your card and
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| account being removed, then you can get a
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| | inform the bank in writing that you want
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| freeze placed on the account which
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| | to be removed from the credit card account
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| requires both parties to give permission
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| | due to impending divorce and that you will
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| before any money is removed. Although this
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| | not be held responsible for any extra
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| may be a good temporary solution to avoid
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| | debts that are accumulated. Obviously, you
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| money being removed, it will obviously
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| | will both still be responsible for any
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| harm both of you if no money can be
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| | current debts, but make sure that anything
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| released. However, it is a good point to
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| | your ex partner spends is not your
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| start from and ensures that the account
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| | concern. This applies to other bills such
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| remains untouched and there is motivation
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| | as phone bills etc.
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| on both sides to solve the situation.
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| | Safety deposit boxes
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| 50/50 split
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| | Perhaps the hardest type of joint monetary
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| If the divorce is amicable and you feel
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| | asset to control is a safe deposit box. If
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| that you are both of an equal financial
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| | one or both of you is self-employed then
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| standing, then the easiest way to sort out
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| | you might keep money in a safety deposit
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| the problem of joint accounts is for one
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| | box. If you get divorced then there is no
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| person to open a new account and deposit
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| | stopping one of you from emptying the box
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| half of the money into that account. The
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| | and leaving the other person with nothing.
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| other partner can then change the joint
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| | As soon as divorce is a possibility you
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| account to a single account, thus leaving
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| | should try and get the box frozen so that
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| each of you with half the money in the
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| | neither you nor your partner can access it
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| account. This is the quickest and easiest
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| | on their own. If your bank won't comply
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| way to sort out any problems, but is not
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| | then take photos of the contents and get
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| always possible if you are of different
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| | someone to sign it to confirm the contents
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| financial standings and an agreement
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| | in case they are removed. If you can
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| cannot be reached.
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| | remain civil with each other and take the
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| Don't leave the situation
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| | necessary precautions, then you can both
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| Although you might think the situation
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| | end up with the right amount of money from
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| will sort itself out, if your ex partner
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| | your joint accounts should divorce occur.
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| removes all of the money from the account
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