I did some checking on your statement and you might want to clarify what you said about the gift tax. My understanding, and I'm not a CPA, is you don't have to PAY any tax on the gift until you reach the lifetime total exceeding 13.51 million dollars you simply have to file 1 more form if it exceeds 18,000 per person so for most people this isn't really an issue. So from a purely tax prospective it is,generally, more beneficial to have your kids on your accounts than not. I'm currently settling my mom's estate and have learned a lot about the tax implications. Your other points however a quite valid especially divorce and accidents.
I did some checking on your statement and you might want to clarify what you said about the gift tax. My understanding, and I'm not a CPA, is you don't have to PAY any tax on the gift until you reach the lifetime total exceeding 13.51 million dollars you simply have to file 1 more form if it exceeds 18,000 per person so for most people this isn't really an issue. So from a purely tax prospective it is,generally, more beneficial to have your kids on your accounts than not. I'm currently settling my mom's estate and have learned a lot about the tax implications. Your other points however a quite valid especially divorce and accidents.
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