• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Alpern Law Firm

Attorneys & Counselors At Law

CALL US TODAY
(800) 307-5544
(330) 394-1501

Seminars/Webinars
  • Home
  • Our Firm
    • About Our Firm
    • About The American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • Multimedia
    • News & Events
  • Estate Planning
    • Asset Protection & Business Planning
    • Estate and Gift Tax Calculations
    • Estate Planning Services
    • Elder Law & Medicaid Services
    • Family-Owned Businesses & Farms
    • Legacy Planning
    • LGBTQ Estate Planning
    • Powers of Attorney
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Elder Law
    • Are You A Caregiver?
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Seminars/Webinars
  • Resources
    • Elder Law Resources
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Definitions
      • Estate Planning Reports
      • Estate Planning Checkup
      • Is Your Estate Plan Outdated?
      • Incapacity Planning Definitions
      • Top 10 Estate and Legacy Planning Techniques
    • Educational Alerts
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Incapacity Planning FAQs
      • LGBTQ Estate Planning FAQs
      • Trust Administration & Probate FAQs
    • LGBTQ Resources
    • Published Books
    • Special Needs Resources
    • Trust Administration & Probate
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us
Home / Asset Protection / Is it a good idea to put my children’s names on my assets?

Is it a good idea to put my children’s names on my assets?

May 31, 2018 by Jack N. Alpern, Estate Planning Attorney

Is it a good idea to put one or more of my children’s names on my assets, such as my home, bank accounts, investments, etc.? NEVER! You should never add your children’s names to anything you own, because doing so makes that asset of yours vulnerable to their problems. If a child is sued by someone else, involved in a divorce or bankruptcy, your asset could be drawn into that proceeding, and you could lose your assets, even though you had no role in those problems! There are better ways to enable a child to manage your financial affairs, and you should discuss the options with your estate planning attorney.

-Attorney Jack N. Alpern

  • Author
  • Recent Posts
Jack N. Alpern, Estate Planning Attorney
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
  • The Inflation Reduction Act - September 13, 2022
  • How Do I Trust Thee…Part II - July 1, 2022
  • How Do I Trust Thee…Part I - July 1, 2022

Filed Under: Asset Protection Tagged With: Estate Planning

Primary Sidebar

Address

HOWLAND
8600 East Market Street Suite 1
Howland (Warren), Ohio 44484
United States (US)
Phone: (330) 394-1501
Secondary phone: (800) 307-5544

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM

Closed for lunch from 12:00 pm-1:00 pm

Map

map for The Alpern Law Firm office

Footer

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
The Alpern Law Firm logo

© 2023 American Academy of Estate Planning Attorneys, Inc.| Disclaimer | Privacy Policy | Sitemap