Think twice about putting someone on your bank account. Naming someone as a co-owner on your bank account increases the chance your account will be levied upon or frozen by a creditor. You can accomplish the same goals by having a good Durable Power of Attorney, pay on death designation, or revocable living trust. Call us at 210-530-4278 if you would like us to evaluate whether your accounts are titled correctly.
Valuable information! Thanks for letting me know, because, I have my son listed on my bank account.