Joint Accounts and Divorce
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An unfortunate reality, no matter how hard we try, is that sometimes a relationship does not work out. If a couple has held a joint bank account and are planning to divorce, they are able to open their own individual accounts and make contribution to the separate accounts. Typically, even if they have commenced a divorce proceeding, they can still open new accounts. Because there are scenarios where the court can direct how finances are to be managed, especially if there is a need for immediate maintenance or support, it is best to check with an attorney before making any financial changes.
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