Should I convert my taxable mutual funds to joint ownership after marriage?

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Should I convert my taxable mutual funds to joint ownership after marriage?

Or is naming my wife as primary beneficiary just as well?

2006-08-18 04:49:25 · 3 answers · asked by FundQuestion 2 in Business & Finance ➔ Personal Finance

3 answers

Make her the designated beneficiary. If you make it joint that constitutes an executed gift: meaning she gets half in a divorce. I know you think a divorce can't happen. So did everyone else who'se been divorced.

2006-08-18 04:59:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋

No tax advantage in doing it. And why give your wife half the income? All women feel more respect and admiration for rich men.
It is in their genes.

2006-08-18 07:25:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Depends on how long you anticipate your marriage lasting.

2006-08-18 04:54:35 · answer #3 · answered by absynthian 6 · 0⤊ 1⤋