Washington probate and estate planning attorney Tom Oldfield discusses whether or not you should have a joint bank account and what that means for you.
A lot of people think about what will happen when they are unable to make their own decisions. As probate and estate planning attorneys, we fully understand the plight of a family as the choose powers of attorney and make living wills. What a lot of people don’t think about it the practical things, like bank accounts. What about your loved one’s money to pay bills and survive? Who will handle all the financial questions? Did you know that banks actually attach a right of survivorship to joint accounts now, allowing the other party to take over financial control if the partner dies? It’s important to understand your options with joint bank accounts and if setting one up is the right decision for you. Watch the video now to learn more.
For more information about estate planning law and my firm, visit our educational website at http://www.tacomalawfirm.com, where you can view some of the other areas of law in which we practice. If you have legal questions, I want you to call me at (866) 309-1031. I welcome your call.
Oldfield & Helsdon, PLLC
1401 Regents Blvd., Suite 102
Fircrest, WA 98466