10/07/2026
A common misconception of a joint account is the “set it and forget it” mentality – you set it up, and if something should happen to one of the account owners, the other person has access to all the funds. This isn’t necessarily true. Without a Right of Survivorship, the account could end up in probate, making the funds unavailable until probate’s resolved.
Read our post for more details and other considerations before you make it official at the bank.
https://www.bnemdallas.com/joint-bank-accounts/