For subscribers
S'pore woman had to share $5m with ex-husband
Sign up now: Get ST's newsletters delivered to your inbox
Joint account holders usually have unilateral rights to withdraw money as they are presumed to own the funds in equal shares.
PHOTO: PEXELS
Follow topic:
SINGAPORE - The what's-mine-is-yours approach in marriage might bring a glow to a Hollywood romcom, but a woman here has learnt an expensive lesson about asset ownership in a marriage.
The woman, who inherited $2 million in shares from her late father, had to share the riches with her former husband in their divorce settlement because she had transferred the stocks into their joint investment accounts.
