Just to share with you one recent article I read and shocked me a  
     lot..                                                                
                                                                         
     It happened in west Malaysia , about a husband and wife and one son.
     The husband passed away due to accident. The husband had a RM50,000  
     joint saving account with wife in a local bank. What happened is the
     wife ,like most people think, when husband passes away, she will get
     the money automatically since it is a joint account. But to her      
     surprise, She could not withdraw even a single cent from the bank.  
                                                                           
      Joint saving account is meant for convenience when spouse needs it  
     the most.. But most people always assume once the other holder dies,
     another half will get the money automatically which is very wrong.  
                                                                         
     I would like to share my opinion with all of you, you may take it as
     educational thoughts or for you to be aware.                        
                                                                         
     When one person dies, the other joint holder of the saving account  
     will get the money automatically only - if that particular bank      
     practise 'JOINT TENANCY'. This terms means one party die, the other  
     joint party gets money automatically.                                
                                                                         
     But unfortunately, not all banks practise JOINT TENANCY, some        
     foreign banks practise but most local banks don't practise.          
                                                                         
     If you want to be sure, just ask your bank whether your joint saving
     account based on JOINT TENANCY. If Yes, get it in black and white.    
                                                                         
     Can you all imagine, when the other half passes away, the other half
     already suffers emotional loss. Now he/she will have to suffer      
     another problem of having 'NO MONEY', although having money in a    
     bank on a joint account.                                            
                                                                         
     Because of ignorance of the 'terms and conditions', the wife and the
      son have to suffer.