If you do this then you might think that it will make life easier should you become unable to take care of yourself. If you are lucky, then it probably will. But, it can also cause a lot of problems.
Plenty of people decide to make a child or a loved one their joint owner of their bank account. They might also put them on the deed to their house.
These actions are meant to solve problems that are better solved with a Power of Attorney and a Healthcare Directive.
Often this causes gift tax issues and can even leave you ineligible for government benefits.
If you have any questions leave a comment or you can schedule an appointment with me at:
Web: reddenlawoffice.com
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IG: @reddenlaw
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