Revee's not here. So we needed somebody to come off out of the wings and help us out.

I'm kicking this off. But I couldn't help as a proud Papa to say, you know, this is the

last week that we have an intern here for the money guy show. Why not put them on the hot

seat and let them ask us the very first question. I love it. So this if this is your first time

hanging out with us, you know that we love putting the other content. We love being able to

answer your questions. So we have the team out there collecting your questions so that we can

lean into the things that you care the most about. So with that intern Avery, I am going to throw

it to you to load us up. All right. Thank you. CB asks, my parents want to start putting my name

on their bank accounts as they're getting older. I know this isn't the best decision. What should

they do as I can manage so I can manage their finances so they can't if they can't. Oh wow.

Okay, Brian. So I got a you know, it's no coincidence here. She's saying I've got I've got aging

parents and that is this you know, it's just like what does I have a friend type deals.

So let's go to plan it a question so that she could ask me because this is what we're doing.

We walk around and and strap people to our accounts. But this is let me tell you guys,

if you want to get us fired up, this is one of those things that I see people do as their parents

start getting older. They just start putting their kids on accounts. They put them on the deeds

of houses. They put them on their bank accounts and I'm telling you do not do this. Stop. Do not

pass go because here's the problem. You might be creating for yourself and your family, your parents,

your aging parents might be creating a gift tax trap. A lot of people don't realize, you know,

you're only allowed to give $17,000 a year without reporting it. Once you go beyond that $17,000

to an individual, you're supposed to be following a gift tax return form $709 and now realize each

person in the family, so if you have a two spouses, they each get to do $17,000 to individuals.

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