Submitted by Economy_Example_4289 t3_11ebwka in personalfinance
Eowyn75 t1_jadl04r wrote
Reply to comment by pmgoldenretrievers in Should I disconnect my parents from my Bank Account by Economy_Example_4289
Usually they would be co-owners, meaning the money is legally theirs as well. If they ever go bankrupt or owe the IRS money, it could cause you a headache trying to prove the assets are yours alone.
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