Betterment cannot support the ability to transfer primary ownership of a joint account. Bear in mind, however, that a joint account is legally owned by both parties associated with the account. The IRS requires only the primary accountholder be listed on tax statements.
Articles in this section
- What is a joint account?
- Can I have Tax Loss Harvesting+ turned on if I have a joint account?
- With whom can I create a joint account?
- Can I have an IRA in a joint account?
- Can I change the ownership of my joint account?
- What types of joint accounts does Betterment support?
- What is the difference between a joint account and having a beneficiary?
- How can I tell who the primary account holder is for our joint account?
- Do both owners of a joint account need to approve actions taken in the account?
- Will we see our personal (individual) account goals alongside our joint account goals?