Joint Account With Rights of Survivorship and Alternatives Explained

The goal for most parents when they ask about this is to give their children access to their money during an emergency. It seems like it should be an easy process, too, and with proper planning, it can be. But parents should be aware that simply making a child the joint owner of a bank account (or investment account or safe deposit box) can have unintended consequences — and it’s often not the best solution during a family crisis.

https://www.kiplinger.com/article/retirement/t021-c032-s014-the-trouble-with-joint-bank-accounts-just-in-case.html