Having an adult child added as an owner of bank account is a fairly common occurrence that allows both elderly parent and child to have access to the account if the parent needs assistance in managing their money. But most people don't know that by titling an account differently, the account can still be accessible without being owned by the child when the parent passes away.
There are many reasons to revisit your estate plan, including the new tax laws.
The wise use of trusts may create some real tax savings under new tax laws.
New tax laws with new exemptions mean that some people will no longer have their estates subject to the estate tax and others can gift more.
Employee claims her boss was resident of New York rather than Florida when he filed.
What should occur to your planning under new laws, depends on your circumstances.
While the estate tax didn't end with new laws, some changes may be worth a new look.
Transfers can sometimes be a challenge.
Your choice of attorney and your own clear thinking is a good beginning.
The tax law finally passed. However, many questions remain up in the air.