In a family law proceeding following separation, both parties brought motions regarding access to and preservation of joint investment assets pending resolution of property and support issues.
The applicant sought exclusive monthly withdrawals from a joint investment account and preservation of the respondent’s assets, while the respondent sought division of the account or equal access to it.
The court declined to divide the account at this stage but ordered interim monthly withdrawals from the joint account of $6,500 to the applicant and $3,000 to the respondent.
The respondent was also permitted to withdraw $200,000 to address outstanding debts, credited against his eventual share.
A preservation order was granted over the parties’ assets to maintain the financial status quo pending further proceedings.