Adding a Child’s Name to Parent’s Account – Part 3
In this third blog post of three, I continue discussing the pros and cons of adding a child as an additional owner of a parent’s account.  As I explained last week, if Mom adds one child as co-owner but has 3 children amongst whom she wants to split everything evenly when
Adding Child’s Name to Parent’s Account – Part 2
In last week’s blog post I addressed a common question in our practice - how best to add a child to a parent’s bank account.  There are two options - giving the child access as agent under power of attorney or adding the child as a co-owner.  This week I explain the
Adding Child’s Name to Parent’s Account – Part 1
In this week’s blog post, I address a question we encounter often in our elder law practice. Should an elderly parent add a child’s name to their account and if so, how can or should it be done? Mom is having difficulty handling her finances, paying her bills etc. or maybe she
Is a Damaged Will an Invalid Will? Part 3
In this third post of three, I finish our discussion concerning a recent call we received from Son who discovered that Dad’s will had been accidentally damaged while in Son’s possession.  Son had said that one of the Surrogate employees he spoke with told him he had to proceed as if