Kallman Legal Group - First Step to Care - Power of Attorney

Managing Your Accounts

Is it a good idea to add your children’s names to your bank account and house? Managing accounts properly is a great way to do estate planning.

  • It is an easy way to pass on the property without going through the probate court or using a trust.
  • The surviving child automatically owns the property when you pass away.

Is there a downside to doing this?

  • Yes, you no longer fully own the property.
  • Your children would have to sign off before you could sell the property in the future.
  • Creditors of your children may come after the joint property.

For all your estate planning needs, Kallman Legal Group. Our Passion, Your Peace of Mind.

Contact us today for a free consultation here or at (517) 322-3207.