Should I add my children to my bank account?
Dear Senior Legal Line:
I am getting up in years and have heard from other elderly friends that it is a good idea to have someone else's name on my bank accounts in case I were to become incapacitated, so that person can handle my finances for me. I understand that this arrangement will avoid probate when I die. As a result of that information I have named my son as a joint owner on my checking and savings accounts. We did that about 2 years ago. My son is now in the midst of a divorce. Are my jointly held assets in danger of being lost in the divorce?