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Frequently Asked Questions

9. Financial Accounts:

Q: Should I withdraw all the money from joint accounts to protect against my spouse grabbing or hiding the funds?

ANSWER:Courts do not look favorably on any spouse “raiding” a joint account or removing funds for no legitimate reason. A spouse must think carefully before withdrawing funds. Remember, the power of the Court may be invoked fairly quickly and a spouse will be held accountable by the Court if they are found to have wasted or hidden marital assets.