Financial Decision Making as We Age

Could adding your child to a bank account create serious problems for your family? Giving an adult child access to your money may seem like a simple way to prepare for aging or incapacity. However, joint ownership can create unexpected estate, tax, and family consequences... especially when relationships or circumstances change. I’m discussing what happened when one client’s relationship with her joint-account holder fell apart, why informal solutions can undermine your inheritance wishes, and how financial, legal, and tax professionals can help you build a more complete plan. To learn how to protect your money, preserve your wishes, and reduce the risk of future family conflict, tune in. CONNECT WITH AARON Website: https://www.aaronkatsman.com/ Email: [email protected] FOLLOW AARON Facebook: https://www.facebook.com/AaronKatsmanLC/ LinkedIn: https://www.linkedin.com/in/aaron-katsman-6550441/ LISTEN TO THE AARON KATSMAN SHOW Apple Podcasts: https://podcasts.apple.com/us/podcast/the-aaron-katsman-show/id1192234142 Spotify: https://open.spotify.com/show/1lePc1pC0giBFV1nzCGsQR DISCLAIMER Aaron Katsman is a licensed financial professional both in the U.S. and Israel. Call 02-624-0995 for a consultation on how to handle U.S. brokerage accounts from Israel. This video is for education purposes only and is not intended to give investment, legal or tax advice. If such advice is needed, contact a licensed professional who can help you. Securities offered through Portfolio Resources Group Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not of Portfolio Resources Group Inc., or its affiliates. Neither PRG nor its affiliates give tax or legal advice.