More Than 100 Years Of Combined Legal Experience

Should married couples have shared or separate accounts?

On Behalf of | Feb 7, 2022 | Divorce |

There is always a risk that two people who get married will decide to divorce at a later date. That’s why it’s a good idea to talk about finances and life goals early in your marriage.

One of the topics that you might bring up is how you want to handle your bank accounts. Should you keep them separate? Should you combine them? What’s easier if you divorce at a later date?

Is a shared or separate bank account better?

In terms of your personal financial freedom, keeping separate bank accounts may make more sense for you. You and your spouse may both work, so each of your paychecks will be deposited to your individual accounts. That doesn’t mean that anything you earn during your marriage will stay your separate property, though.

During a divorce, having separate accounts won’t guarantee that your money will stay your own. Anything in the account at the time you file for divorce has to be considered a marital asset for the purposes of property division under most circumstances, though you may be able to argue differently.  You need to consider all of these factors when deciding how to handle your bank accounts during a marriage and divorce.

A prenuptial or postnuptial agreement could help

If you have a prenuptial or postnuptial agreement that says that your separate accounts will remain separate property, then you could protect your accounts more easily during divorce. Keep that in mind if you want to find better ways of protecting your income and assets.

Divorces are hard, but there are ways to protect what’s yours.



  • (603) 437-3700
  • (603) 626-0030
  • Archives