Great Infographic on the Pluses and Perils of Joint Accounts

I always spend some time in my elder law class discussing different methods of property ownership including the use of joint accounts.  Many of my students may themselves be named jointly with someone on a bank account.  In working through the pros and cons of the use of joint accounts, I strive for my students to understand why some clients may title their property jointly and the implications of doing so. I was please to find this easy to understand infographic on joint accounts.  Published by AARP and the American Bankers Association Foundation,  Look Before You Leap. Is a Joint Account Right for Me? packs a significant amount of information in one page. The infographic covers the reasons people choose joint accounts, what one needs to know before making the choice, and alternatives to joint accounts. 

It's a great tool for our classes!

BTW, the ABAF also has a campaign on educating elders and caregivers, Safe Banking for Seniors. You can sign up for email announcements for updates, etc. about the campaign.