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How families can avoid fighting over money in joint bank accounts
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Opening joint bank accounts with relatives out of convenience can cause disputes if the money is meant for others as well.
ST PHOTO: KEVIN LIM
Most people open joint bank accounts for the convenience of having other people to help manage the funds, but doing so can result in disputes if you are not careful in your planning.
For instance, if you have a joint account with an unmarried partner or a friend, you can make it clear in your will that you intend to give the money to this person if this is your wish.
