Can my husband take my savings in a divorce?

Can my husband take my savings in a divorce?

A joint savings account belongs to both partners. You may act separately from each other, and both you and your partner can access the money in the account. When you separate from your partner, both you and your partner may block the account. If your divorce goes to court, the judge will divide the money.

Is it normal for married couples to have separate bank accounts?

Separate bank accounts are becoming more common among married couples. They have their pros, yes. But they also come at a big cost: true financial intimacy. They also set up a joint account early on in order to pay for big household expenses, although another motivation came right before their October 2015 wedding.

How can I protect my savings in a divorce?

Here are some effective and legal ways to protect money and assets from divorce.Prenuptial agreement. Remember: BFAs or pre-nups aren’t just protection for the party with more assets. Separation of assets. Separate roles and just compensation. Proper documentation. Discretionary trust.