property division Archives

Traditionally, married couples in Florida and elsewhere have shared everything, including bank accounts. That trend is slowly changing, though, especially as Millennials appear to be redefining traditional marriage. In fact, a recent study found that more than a quarter of all Millennial couples are ditching jointly held bank accounts in favor of separate accounts. This number is more than double the rate at which couples in Generation X and the baby boomer generation opted for separate bank accounts. One reason for this change may be the fact that it is easier for couples to repay each other, especially given the number of apps available to make these transactions quick and simple.