Should I add my child to my bank account or use my trust? | NC

About this video

Q: Is it safer to add my child as a joint owner on my bank accounts, or should the accounts be owned by the trust instead? A: In many cases, the safer choice is to have the accounts owned by the trust if your goal is to avoid probate and keep everything following your estate plan. Adding a child as a joint owner usually gives that child immediate rights to withdraw money during your lifetime.…