Joint Accounts with Adult Children: Smart Estate Planning or Big Mistake? скачать в хорошем качестве

Joint Accounts with Adult Children: Smart Estate Planning or Big Mistake?

Should you add your adult child to your bank account or property title? It might seem like a simple solution to help with estate planning, but joint ownership comes with legal risks, tax consequences, and potential family conflict. In this episode of Steadyhand Coffee Break, David Toyne sits down with estate lawyer Mike Beishuizen, founding principal of West Coast Wills in Vancouver, to discuss the good, the bad, and the ugly of joint ownership of assets with adult children in Canada. Mike explains the risks, probate myths, tax traps, and how to protect your legacy with a power of attorney. Watch now! West Coast Wills: https://westcoastwills.com/ 🔹 Video Chapters 🔹 00:00 What is Joint Ownership of Assets? 01:30 Why Parents Add Adult Children to Joint Accounts 04:45 Legal Risks and Common Misconceptions About Joint Ownership 10:15 How Joint Ownership Can Backfire: Taxes, Creditors, and Family Conflict 14:35 Best Practices: Power of Attorney vs Joint Ownership --------------- 🗓 Get To Know Steadyhand! 🗓 https://hs.steadyhand.com/storyofstea... 📚 SUBSCRIBER GIVEAWAY: Are you starting to think seriously about retirement but not sure where to start? Subscribers to the channel can grab this Free Insider’s Guide “3 Simple Steps to Retirement” - https://hs.steadyhand.com/retirementg... ✅ For more info visit: https://www.steadyhand.com/ 💬 What was your main takeaway from this video? Let us know in the comments below. And don't forget to subscribe to Steadyhand here ⤵ https://www.youtube.com/c/SteadyhandI... --------------- 📍 Welcome to Steadyhand's official YouTube channel! Steadyhand is a Canadian investment firm that offers low-fee investments with easy-to-follow advice and a simpler, more human experience for all Canadians. On this channel, we produce jargon-free videos to help you stay informed & educated on relevant investment topics. We've been managing money since 2007 and over 4,000 Canadians have entrusted us with more than $1 billion in investments. Our clients enjoy direct access to world-class fund managers and a level of genuine financial stewardship that you just don't find at the big banks and brokerages. ➡️ Our straightforward lineup of funds, easy-to-follow investment advice, and candid reporting enable our clients to weather the ups and downs of the markets with confidence. We offer hands-on, personalized service, and are ultra-accessible. In short: Steadyhand offers Canadians a better way to invest! We hope you find the videos on this channel informative and if you are interested in the services we offer then please visit our website. If you enjoy the videos you see on this channel then make sure you subscribe and hit the notification bell so you find out as soon as we post a new video! 🔔 --------------- 📲 Follow Steadyhand on social media: Facebook ▶️   / steadyhandfunds   Linkedin ▶️   / steadyhand-investment-funds   Twitter ▶️   / steadyhandfunds   ✅ Subscribe to our Blog and Newsletter https://steadyhand.us3.list-manage.co... If you'd like to explore whether Steadyhand may be a good fit for you, reach out to us: 📞 1-888-888-3147 📧 info@steadyhand.com 🌎 https://www.steadyhand.com/contact/ 📍 Vancouver Office (1747 West 3rd Avenue, Vancouver, BC V6J 1K7) 📍 Toronto Office (3690-130 King St W, Toronto, ON M5X 2A2) --------------- Music: Do It- Hotham --------------- #Steadyhand #JointOwnership #estateplanning