The Hidden Financial Risks of Parent–Child Joint Accounts
When kids turn 18, joint bank accounts can expose both parties to debt and legal risks. Here’s why it’s time to separate.
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared toward anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications, including the New York Times, Wall Street Journal, Washington Post, ABC, NBC, Today, and more. He is also a regular contributor to Forbes.

When kids turn 18, joint bank accounts can expose both parties to debt and legal risks. Here’s why it’s time to separate.

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