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Blog Post: The Pitfalls of Using Joint Ownership as an Estate Management Strategy


by Lydia Roseman

One of the goals of estate planning is the management of assets while an individual is still alive but has lost the ability to manage their assets on their own (commonly referred to as losing capacity). We recommend coming up with a plan as to who will manage your assets, and how, long before capacity becomes an issue.

Commonly, an individual getting close to this stage and wanting help managing their assets will simply add a child, or another trusted individual, as a joint owner of their assets. While this may seem like a simple solution, this strategy is rife with issues.

To read the full article on our blog, click here.

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