Can I withdraw money out of a joint savings acount, if it’s in both of our names?

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Can I withdraw money out of a joint savings acount, if it’s in both of our names?

Asked on November 13, 2012 under Family Law, Montana

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Yes, the money is assumed to be both of yours in a joint savings account.  Money earned during a marriage is also joint income no matter who earned it.  But remember that you an not dissipate marital assets.  Good luck.


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