Should You Add Your Kids To Your Bank Account?

In this video, I'm going to explore the important considerations and potential risks involved in adding your children to your bank account. This decision can have significant implications for both your finances and your estate planning. While it might seem like a convenient option, it's essential to understand the legal and financial consequences before making this choice. By being informed and strategic, you can make the best decision for your family's financial future.
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This is educational only and not legal advice.
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[@tccedillo]

This video was very helpful. Thank you

[@LawMother]

Glad it was helpful!

[@medusathecanecorso3465]

Bank

[@medusathecanecorso3465]

Thank you so much

[@LawMother]

You're most welcome 😄

[@gail1249]

What happens if accounts are set up with bills paid by auto draft from direct deposit???

[@LawMother]

Great question. Whomever you designate in your plan needs to update that after you pass away. If you don’t put a plan in place, the court will appoint someone to handle this.

[@munnivenkani7904]

How about we add our children as beneficiaries on our account?