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By Terry Savage on October 09, 2023 | Financial Planning / Retirement

I opened treasury direct as a sole owner. what advantage is there to adding my wife as a secondary or beneficiary ? I do want her to have full access to everything in the account, Thank you!

Terry Says

What you should really do is create a revocable living trust as your estate plan — and then transfer all your assets into accounts named in your RLT (which uses your SS number0. Doing that has no tax implications — and avoids all the issues you fear since you will each name the other as successor trustee of the trust — and likely your adult child as the next successor if something happens to both of you.

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