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My parents and I are in the throes of organizing their estate. My mom wants to make me a signer on their checking account, and possibly some of their brokerage accounts, to facilitate my exercising the financial durable power of atty if I ever need to. The bank and the brokerage say I would have to be a co-owner of the account if I want to be a signer on it. My question is:

1. Is this correct? Do I really have to be considered an owner? Or am I perhaps dealing with someone at the bank/brokerage that doesn't really know?

2. If I do have to be an owner, are there income tax or gift tax considerations in my becoming one?

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