If I remove my name from a business account at the bank, will it affect me from getting anything when settling a divorce?
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If I remove my name from a business account at the bank, will it affect me from getting anything when settling a divorce?
Asked on February 20, 2013 under Family Law, North Carolina
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Not necessarily. If the business was formed during the marriage - and there are no agreements to the contrary - then most likely the business and all its assets (of which is the bank account) would be considered marital property for distribution in a divorce. I would speak with an attorney in your area on strategy just to be sure. Good luck.
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