I'm a single parent with two grown sons. I was advised to put the name of one of my children on the account. He wouldn't be listed on the account itself and his name wouldn't appear on the checks, but in case anything happens to me, he would have access to the funds and would be able to withdraw any monies in it.This might be a good idea in your case. I don't know how large your estate is, and I don't know your sons. If the advice came from an attorney in your state, go with it. If it came from your neighbor who is a plumber....check with your attorney. There may be a better way to accomplish what you want to accomplish.
Is anyone caring for elderly loved ones? Do you have special things that you have figured out that you could share?
"This might be a good idea in your case. I don't know how large your estate is, and I don't know your sons. If the advice came from an attorney in your state, go with it. If it came from your neighbor who is a plumber....check with your attorney. There may be a better way to accomplish what you want to accomplish."
No large estate, no house or property. Bank advised it, so I did it. They said it's a good idea to have the name of a relative on the account so that they would be able to have access to what is in there immediately after my death.