When joint bank account owners failed to inherit $4 million in man’s bank accounts

When it comes to joint bank accounts, you should not assume that you will inherit all the money there when the other joint owners die, especially when they had made other plans in their wills.

This was what happened to a woman and her eldest daughter who could not stake claims over $4 million that was kept in joint accounts with the family’s patriarch, because his will stated that the money would be shared among all his four children.

Wills, inheritanceFinancial literacyBanks and financial institutionsInvest