Wednesday, July 27, 2005
The ACTEC Foundation has produced an informative brochure entitled Joint Accounts: Dangers and Alternatives. The booklet states
This pamphlet is designed to increase general understanding of multiple-name deposit accounts. Its goal is to equip readers with information needed to enable them to choose the type of multiple-name account best suited to their circumstances and purposes. It is hoped it will serve to reduce post-death disputes among depositors' survivors over checking, savings and CD balances in accounts bearing more than one name.