- 1). Read the joint account's initial agreement. Banks are not responsible for maintaining the percentage split, but sometimes a note is placed in the account history designating the percentage of ownership each person has. If the bank does not do this, it is up to the savings account's owners to agree or have a written agreement designating the percentages.
- 2). Assume the initial deposit to the savings account was $10,000 and you contributed $4,000 and your partner contributed $6,000. If no other agreement is made, your initial contribution defines your percentage ownership of the savings account. In this example, you own 40 percent.
- 3). Use your percentage of ownership to determine your portion upon liquidation. If the account is now worth $25,000, you should get $10,000 upon liquidation. Should you die, your heirs are entitled to the $10,000, not the other account owner. This differs from a joint with rights of survivorship account, where all contributed assets immediately become the property of either owner.
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