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  1. #1
    Join Date
    Sep 2016
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    13,916

    Default What to Do if Your Spouse is Moving Money into New Accounts

    A couple in California is headed toward divorce. The wife recently found that the husband is moving money into new bank accounts, and particularly into an account that he holds jointly with another person, whom she does not know. Why might he be transferring the money, and how can she protect herself from the transfers?

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
    Posts
    98,846

    Default Re: What to Do if Your Spouse is Moving Money into New Accounts

    It sounds like the husband's goal is to make it more difficult for the wife to reach those assets if they divorce. The wife should consult a family lawyer ASAP, and should discuss strategies to identify marital assets that have been shifted to other accounts, and how to bring that money back into the estate or prevent it from being taken by a third party joint account holder if a divorce is filed. The use of joint accounts in that manner is a big concern, and I don't think that the wife should try to respond to that type of action without legal counsel.

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