What property will I lose if I get divorced?
Divorcing couples are each entitled to one-half of the property accumulated during marriage, including house equity, bank accounts, investments, retirement, and businesses. Property resulting from pre-marital assets, inheritance, or gifts to one party are generally not marital. Spouses are also responsible for one-half the debt accumulated during marriage.
Can I or my spouse remove money from our accounts?
As you are each entitled to one-half of marital property, either of you can remove money from joint accounts. If you take the entire amount, leaving your spouse without funds or ability to pay bills, however, you will have to answer to the court if a divorce is filed. For an extensive discussion of property division, see the Property Division Report.