How Does Estate Planning Protect My Money? (Video)

How Does Estate Planning Protect My Money?

If you put somebody else, like a child, on your accounts or house, then their creditors are your creditors too. If they get in an auto accident and get sued, then you get sued too. If they get in tax trouble, then it’s your tax trouble too.

Proper planning keeps your children’s names off your property, but gives them the right to help you manage.