ANSWERS: 2
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Either party to a joint account has the right to access all the proceeds within that account. As such, one party can "wipe out" the proceeds without the consent of the other. This is precisely why you should never have a joint account with someone to whom you are not married (or have some written agreement concerning asset division), as you have no protection against the wasting of assets.
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Yes. You get a joint account for precisely this purpose.
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