So my dad is getting older, in the process of liquidating a few businesses that he no longer has the energy to maintain. All together worth a few million dollars. He is looking into different options for passing that wealth onto me (trusts, will, etc) and one idea he has is to make all his bank accounts joint accounts with my name on it. His reasoning is that if he dies, I can make claim to that money without getting taxed the way it would through a normal will.
This doesn't really make much sense to me, it seems like a loophole that would have been exploited by now.
Submitted February 16, 2019 at 11:38PM by Harry_Coolahan http://bit.ly/2SFYkQB
