Should I Add My Kids as Joint Owners on My Accounts?
Are you approaching retirement, or in retirement, and wondering - when is it a good time for me to add my kids as joint owners on my investment accounts? Perhaps you want to smooth the process of getting those assets to your children later on, or you want to avoid the estate process, or possibly avoid taxes. While these may be noble intentions - adding adult children to investment accounts may carry consequences that you want to avoid.