What is the name of your state? GA
If Mother put childrens name on large bank account as joint owners on the account. and mother passes away, the children now become the owners.
How does the IRS view this from a tax standpoint when the children now come into this lage sum of money ?
Is this poor mans trusr a valid way of passing down family wealth ?
If Mother put childrens name on large bank account as joint owners on the account. and mother passes away, the children now become the owners.
How does the IRS view this from a tax standpoint when the children now come into this lage sum of money ?
Is this poor mans trusr a valid way of passing down family wealth ?