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Spotlight

Estate Planning Alert: The Hazards of Joint Titling Between Parent and Child

8/28/13

Parents sometimes title assets jointly with their children in order to avoid probate at the parents' death or, in the case of a bank account, to permit children to assist with the parents' banking and bill-paying. Joint titling between parent and child presents a number of potential drawbacks:

If you have any questions in regards to a child assisting with a parent's finances, please contact an estate planning attorney at Eastman & Smith.

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