Legal Question in Family Law in Massachusetts

If there is a bank account in joint names (husband and wife). Can the wife legally withdraw money without repercussions

from the law.


Asked on 3/09/17, 6:07 am

2 Answers from Attorneys

Alan Pransky Law Office of Alan J. Pransky

Joint bank accounts are normally controlled by either party. This means that either husband or wife can make withdrawals. Sometimes bank accounts are set up to require two signatures. In that case, both parties must sign to withdraw funds.

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Answered on 3/09/17, 7:43 am

Attorney Pransky is correct. She can withdraw the money but it remains as part of the marital estate to the extent it is in a separate account and not used for regular expenses.

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Answered on 3/09/17, 8:02 am


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