Should you put your assets into your child's name? In a word, no. Here's why:
While it might sound like a no-brainer, it's not a great idea to put your child's name on your assets. This can create a legal nightmare, especially if your child winds up in financial trouble. Creditors can easily go after anything your child owns in whole or in part. Something else to consider is their relationship status. If your child owns assets with you, and then they get divorced, this money or property might be used to calculate their net worth, which they might then be required to pay out to support a former spouse.
A better option is to open a trust. Not only are these assets held in no one's name, but a trust also allows your children to only pay taxes on the original value of things like stocks, bonds, and other investments.
