Legal Question in Family Law in Connecticut

Re: Joint Bank Accounts

Yes, They could be considered a gift from you to her. I assume that maybe there is a potential problem that my be in the future. It may be better to give her a Power of Attorney to handle your accounts, if you become disabled and provide for her in your will. In a divorse situation, the court will inquire in to the purpose of making it a joint account, but, if you are not there to document the fact that it was for your convience and not a gift, it could cause problems. There are other ways to put her name on the accounts so she can handle the accounts for you without becoming a martial asset. If you suspect a problem may exist, I would recommend a power of attorney and a will, if you want her to have the accounts, in the case of your death. There are various options and some have tax ramifications. I would consult with an attorney to go over the details before you do anything. The charge for legal advice may save a great deal of money in taxes, legal fees and other expenses. This is not a cut and dry answer based on the limited information. I would not do anything without advice from an attorney, with all the facts and amounts of the accounts. Very truly yours, Thomas F. Noonan