September 02, 2015

The American Bankers Association Foundation and AARP have produced an infographic to help people understand the risks of joint bank accounts.
Often people will use joint accounts specifically to help seniors manage their finances by giving caregivers access to funds.  While having a jointly owned account can have benefits, there are other ways to allow people to assist with your account while not opening yourself up to financial harm.

Click on the graphic for a full size .pdf.