00:00so you're in love for whatever reason you're not married or not married yet
00:04should you have a joint bank account a joint bank account is when more than one
00:09person is on an account and has access to it well as nerd wallet explains it
00:14could streamline purchases and joint savings goals it's also not just for
00:18couples as smart asset explains roommates senior citizens and their
00:22caregivers and parents and their children can also open joint bank
00:26accounts lay ground rules for how much each will contribute and how much each
00:31will withdraw then there's the elephant in the room what will we do if we break
00:36up or if there's a disagreement things could get messy you could just split it
00:41in half but what if one party contributed more communicate and lay these things out
00:46before opening the account if one person gets divorced or goes bankrupt the funds
00:51in the account could be seen as that person's assets
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