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


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.