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Who owns the money in joint bank accounts?
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Spouses with joint accounts are deemed to own the money equally, even if one contributes more.
PHOTO: ST FILE
Disputes involving joint bank accounts are more common than one thinks, especially when one account holder can withdraw funds independently without approval from the other.
Normally, the one who contributes the most or all the money is deemed the owner of the funds, and he can dictate how the money should be used.
