Financial matters rank at the top of the list of worries for anyone during a divorce. The concern of one less income and the potential need to replace belongings can make people wonder about their future bank account balance. Knowing what assets are at risk — before filing paperwork or negotiating an agreement — can make planning for the future easier.
Balances of Bank Accounts
Marital property usually includes all items purchased and any money earned during the marriage. The money kept in bank accounts, even if the couple keeps separate accounts in their names, is marital property. The court will usually include the balance of the accounts at the time of the divorce filing as a cash asset to divide.