BANK AND INVESTMENT ACCOUNTS
Bank accounts and investment accounts (money market accounts, certificates of
deposit, etc.) are items of personal property which must be identified, valued
and characterized during the divorce process.
Recent statements on these accounts will be required to determine their current
value. Earlier statements may also be needed to ascertain past values (at
the time of marriage, at the time of separation, etc.).
The fact that one party's name is not on an account does not determine
absolutely that he or she has no interest in that property.
See the discussion under Marital Property for
more about dividing these assets.
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