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Are Separate Bank Accounts Considered [Marital Property] - Michigan Lawyers

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Married people wonder if the bank accounts they have kept separate are considered marital assets. Are separate bank accounts considered marital property In Michigan? If you accumulated it during the marriage, it's a marital asset. Money held in an account with your wife or in your name alone is still liable to partition. It is split equally between you and her. The income of any accounts in your name that are designated for you alone will accrue during your marriage and go equally to you and to her.

For additional info, watch these videos:
Is An Inheritance Considered Marital Property In Michigan? - Michigan Lawyers
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What Is The Difference Between A Marital & Non-Marital Asset?
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