Gary Beasley
Member
I highly recommend having a separate account for the business, but I have no support for having his and her accounts. The concept of your money and my money is contrary to the true partnership that a marriage is supposed to be, in my opinion.
Actually the point behind separate accounts is to simplify things. Each will have thier accounts to manage and if needed money moved from one to the other. That is where the partnership is. Any money in those accounts are agreed to be the responsibility of the respective spouse and used as needed. It works best when both accounts are jointly held but used mostly by the designated spouse. There is no trying to spend the same money twice as can happen if two people are doing business with a single account. My wife and I have been doing it this way since before we were married and wouldn't have it any other way.