3 simple financial habits to cope with unexpected events. Carolyn McClanahan, a seasoned financial expert at the crossroads of finance and medicine, shares critical insights on strengthening one's financial position in the face of unexpected health events.
In the event of death, bank accounts with no joint owners can quickly be frozen, affecting auto-pay bills. While organizing your finances requires an initial investment of time, ongoing care only takes a few hours a year, McClanhan concludes. The expert points out that account security measures, such as two-factor authentication, make sharing financial information difficult.