The safest approach is to “stabilize” the accounts immediately. This typically involves each spouse taking 50% of the liquid cash and opening their own individual accounts. Any remaining joint funds should be strictly reserved for agreed-upon “family expenses” like the mortgage or children’s tuition until the final agreement is signed.
Do I need a separation agreement if we don’t have kids?
Yes. Even without children, a separation agreement is vital to formally "waive" or set the terms for spousal support and to finalize the division of property and debts. Without a signed agreement, your ex-spouse could potentially...
