S10 Ep10: Can You Take Money Out of a Joint Account Before Filing?

#ChooseGoldman Handling joint money before filing for divorce requires careful legal strategy to protect your interests without appearing to hide assets. Attorney Akiva Goldman explains that Michigan courts look at timing and intent to determine if financial moves were made in good faith or to unfairly drain the marital estate. • Moving half of a joint account to a private account is often acceptable if the move is fully disclosed and the funds are preserved. • Transparency is vital; notifying the other side helps prove you are not attempting to liquidate or hide marital property. • Courts may require funds to be moved back to the original account until a formal court order is established. • Taking all the money or spending it on personal luxuries like vacations is viewed as bad faith and will be penalized. • Any money spent improperly will be credited against your final share of the assets during the property division process. Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ Schedule Your Complimentary Phone Consultation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 📞 (248) 590-6600 Call/Text Click here to watch the video: https://youtu.be/DM4uxwcHauo For more information: https://akivagoldman.com/michigan-divorce-lawyer Learn more in our blog: https://akivagoldman.com/blog/divorce/can-you-take-money-out-of-a-joint-account-before-filing Visit us at ChooseGoldman.com #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #MichiganDivorce #AssetProtection #FamilyLawMichigan #LegalAdvice #DivorceTips