Most folks aren't aware of this, but there are financial institutions out there where you can open an account with only one user named on the account. But then you as that one account holder can grant access to others. With my credit union my Son has a checking account where "basically" he's the one listed as the administrator of that account. Then he has authorized me as a user on the account. I didn't have to sign any papers or anything of the such. He simply logged on to his online portal and added me as authorized user. So I can make online deposits, withdrawals, and transfers on his behalf as needed. Any tax documents on the account are all issued to him as required at tax filing time.
