Title:

Joint Accounts and Divorce

Description:

Although many modern couples are choosing to maintain separate accounts when they divorce, it is often the case during a divorce proceeding that joint accounts will need to be liquidated and divided between the divorcing pair. A Bergen County NJ divorce attorney can help determine the most expedient way of accomplishing this and it's even possible that instead of an outright dissolution of the account that one member of the couple could simply make a payment to the other and effectively turn the account into one with only one official account holder. Not all accounts offer this option, however.