Quote:
Originally Posted by Slava
Yeah, that's the point I was making earlier. With a joint account, you have two owners, so if one dies the other can have access. With single accounts, if that person dies, the bank has to freeze the account until the estate is dealt with. I realise that's not top of mind, and perhaps seems unlikely (depending on age/health, etc.), but it would be a bad position to be in if your household spending was in a frozen account.
|
Yes, I agree it would be bad for one person to have all the money. That's why I suggested a joint account for household expenses and separate accounts for personal spending money.