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You may be unmarried and separated. You may have joint bank accounts and credit cards with your ex-partner. It is important to understand the legal implications of these accounts and cards. You need to so that you can protect your financial interests.

*Both parties can transact on a joint account. Regardless of who contributed what amount of money. *You may be concerned about your ex-partner taking all the money from a joint account. Take out half the money as soon as possible. *You can take all the money from a joint account but you may have to answer difficult questions in court. *Credit cards shared by unmarried partners are considered joint credit cards. both parties are responsible for the debt, even if one party runs up the credit limit.

It is important to be aware of the risks involved in sharing joint accounts and credit cards. This is significant with an unmarried partner.  To protect yourself, it is best to close all joint accounts and credit cards. Do it as soon as possible after separation.

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For additional information, watch these videos: [I Have Been Married For Years But Legally Separated For Years, Will Assets Still Be Divided] MI Law https://www.youtube.com/watch?v=bn3My4af5ZQ

How Can I Strategically Divide My Assets - ChooseGoldmanlaw https://www.youtube.com/watch?v=i6jT2JcIdEA

For more information, read blog below: https://akivagoldman.com/how-do-joint-accounts-work-when-unmarried-and-separated-choosegoldmanlaw/

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