Joint accounts: Is that my money or yours?

The legal ties between husbands and wives are not easily challenged in court. PHOTO: ISTOCKPHOTO
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Many people would not think twice about opening a joint bank account with their spouses, children or even siblings.

After all, having one more signatory can be convenient as one individual does not have to be the sole person to take care of the accounts, especially if the money is to be used for common expenses.

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