Legal Question in Banking Law in Wisconsin

we have been divorced for 3 years, i found out we have a joint savings account, can i withdraw money from the account legaly?


Asked on 2/23/13, 6:54 am

1 Answer from Attorneys

JAY Nixon nixon law offices

If the account was awarded to you under the final divorce judgment, then your divorce terms would allow you to use it. If not, you should speak with your divorce lawyer about getting the judgment modified in order to grant you permission. The bank would probably recognize either owner as equally free to use the account, but that would not protect you from potential contempt punishment by the divorce judge for violating the judgment's terms. If a significant asset is undisclosed in the divorce financial disclosures, you may have grounds to reopen the terms of your divorce property division and re-litigate many of its terms. My answer here does not make me your lawyer, so you need to consult one of your own before acting upon this. For further discussions, you may contact my office at 333 Main St, Racine, WI 53403, 262-633-3090, during business hours, or see me on the web at www.jayknixonlaw.com. See over 15 years of my previous answers to consumer questions at http://www.lawguru.com/answers/atty_profile/view_attorney_profile/jknixon. Attorney answers may contain advertising materials.

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Answered on 2/23/13, 8:23 am


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