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Currently, DW and I have three accounts outside of IRA's and my 401K. We have a joint account and each has an individual account. Since I have a 401K, DW's account has the majority of our investments - mostly DRIPs. We set this up a few years back as a form of estate planning prior to the republican temporary "roll-back/elimination" of estate taxes. The approach also gave a degree of security to DW.

Other than our IRA's, we hold everything in a revocable trust where we are both trustees, so that is sort of the same as holding everything jointly. This does a couple of things. When we got married, we believed that we were joining our complete lives into one, and that included financials, so everything was held jointly. Then when estate taxes became an issue and we did our estate planning, we moved all our joint assets into a revocable trust so that we can each take advantage of our individual estate tax exemption, and we don't lose one tax exemption by having one spouse inherit everything from the other.

As a practical matter, though, I manage all the accounts and that includes DH's IRA and 401k accounts. All it takes to do that is a form that gives me trading authorization, and that allows me to legally trade in his account, but what tends to be more important for us, it also allows me to call and fix problems within his account because I am authorized to do so.
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