Thinking About a Joint Bank Account with Mom? Think Again.
As parents age, they may arrive at a point where they are not quite ready to give power of attorney to one of their children, yet they want their child to be involved in their finances.
A logical solution would be to add the child as a joint owner to the parent's bank account.
This simple gesture could cause problems down the road.
There are better solutions available that can prepare your for a family crisis.
Learn more about financial options as a parent ages here.