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Money and Finances
Reply to "Ladies, do you have your own 'emergency' account?"
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[quote=Anonymous]In marriages where only one partner works or earnings are held in a joint account, I think each spouse should have an emergency account that is separately titled and contains enough for him or her to live on for 6-12 months. I've known too many people who have lived horror stories such as one spouse dying after wiping out the joint accounts with a gambling problem, one spouse leaving after cutting the other off from the joint account, etc. Yes, there are laws requiring the sharing of assets after divorce, but the associated processes can be slow. [/quote]
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