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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

5 min

What are the disadvantages of a joint account?

According to a 2024 survey, nearly 30% of cohabiting couples planning to marry already had a joint bank account. However, entering into such a financial arrangement has significant drawbacks, so it's crucial to understand what are the disadvantages of a joint account before merging your finances. These include exposure to a partner's debts, loss of financial privacy, and potential conflicts over spending habits.

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4 min

Can you still withdraw money from a joint account if one person has dementia?

According to the National Institute on Aging, financial problems are often one of the first noticeable signs of dementia. So, can you still withdraw money from a joint account if one person has dementia? The ability to access funds depends heavily on the bank's knowledge of the diagnosis and whether appropriate legal documents were put in place while the individual still had legal capacity.

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