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Fortune
Fortune
Abigail Rueger

Should you open a joint savings account with your partner?

Two adults working on forms together. (Credit: Getty Images)

According to Fidelity Investments, one in four couples argue about money. That statistic may surprise some, but I can say that after my divorce earlier this year, I truly wish I had kept my finances separate from my ex. Thankfully, we’re both easy going people, which made dividing up our joint savings account a simple process—with the help of our lawyer.

“For unmarried couples, resolving [a dispute over a joint bank account] often involves complicated legal arguments that are notoriously tough to win… If one person takes out more than their share, best of luck getting it back,” says Jamie E. Wright, Founder of the Wright Law Firm in Los Angeles.

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