Owning accounts jointly with your spouse is very common. Everything from property to your bank accounts most likely has a joint title on it. The convenience of using those accounts makes the joint titling a no-brainer for most.
However, from an estate planning standpoint, it may not be in your best interest to do. Jointly owned assess don't allow some to maximize the tax benefit of the step-up in basis rule.
Because of this, it may make sense to reconsider or reexamine your joint taxable account titling decision. In this episode we explore this and who may benefit from not using the joint title on their investment accounts.
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