I have a joint accounts with my husband. If i close the accounts and re-open with my name only. Is he entitled 50 if we separate/divorce?

Question

I have a joint accounts with my husband. If i close the accounts and re-open with my name only. Is he entitled 50% if we separate/divorce?

Answer

You are trying to do some planning before divorce. This is tricky, and you need to get some legal advice before you cause yourself more harm than good.

Call me, come in and see me, and I will go over this for you. No charge for the consultation.

But please, get a lawyer before you take action.

Answer

In general, each side is entitled to half of everything. Doesn't matter whose name an account is in. Of course, there are exceptions. Call me anytime to discuss at 732/773/2768