Quote:
Originally Posted by Slava
I don't know if that stands up though. It's a joint asset, and if someone invests those funds and has a gain it's taxable. You could argue that they're not really yours, but as you know, they legally are. I don't think it's an issue with a minimal amount (and no one would be concerned with that).
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I'm not worried about it. My wife did it with her ailing dad and I would have cautioned her if I felt otherwise. Sometimes it's done because (as in my father-in-law's case) it's more convenient to have someone who can pay bills and make financial decisions who is not confined to a bed and wheelchair.