Nathan B. Hannah, attorney
  • Home
  • Links
  • Law Blog
  • Music Blog

PROCEED WITH CAUTION WHEN CONSIDERING ANY JOINT OWNERSHIP OR OBLIGATION

6/7/2017

0 Comments

 
Some people might not like to hear it, but I think it must be said: making yourself responsible for the actions of someone else is dangerous.  Don’t do it unless you either (1) have a contract with the other person, or (2) trust the other person with everything you have.  
What made me think of that?  I saw an article in the Arizona Republic that talked (very superficially) about joint bank accounts, joint credit cards, joint business ownership, and co-signing for a student loan.  If you enter into any of those joint arrangements, you are making yourself responsible for the actions of someone else.  
This is a topic that I have touched on in the past, and will undoubtedly address again in the future.  If you have any of these joint arrangements, it can be an important consideration in estate planning.
0 Comments



Leave a Reply.

    Author

    The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.
    If you want to read more, take a look at my newsletter archive.

    Archives

    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All
    Estate And Gift Tax
    Estate Planning
    First Amendment
    Income Tax
    Lawyer
    Real Estate
    Tax

      To get updates via email:

    Subscribe to Newsletter

    RSS Feed

Proudly powered by Weebly
  • Home
  • Links
  • Law Blog
  • Music Blog