<prompt> Human: My parents are visiting me this weekend and it seems they want to take care of some business too so Id like to be armed and ready for when they want to take care of some things. A parent of a family friend passed away recently and although she was named in the will as beneficiaryheirwhathaveyou shes been having a hard time having things put in her name house, bank account, etc. My parents, hearing all this struggle want to make sure that I dont have to go through this Im an only child if that matters, which is fine with me. So they want to put my name on their banksavings accounts and on their house as well they still have a mortgage on it. I wouldnt be apprehensive about this but the fact is, my parents have piss-poor money management skills and Ive learned to be financially responsible for the most part from all of their mistakes. Will having my name on their accounts affect my financial historyscoresrecords? Any other insights would be appreciated. Thank you personalfinance!  <response>: Do not do this. Do not do this. Do not do this.Go see a lawyer that specializes in estate planning. Have the lawyer draw up a willtrustblah- they will know what to do. It will not be very expensive - Mine was about 300-400.In the event of the death of your parents, you will have a document that will give you access to the assets of your parents estate and avoid the probate process. Ask them to leave a legacy folder somewhere in the house where you can easily find it. this folder will have documents with account numbers of all assets, life insurance policies, copy of the will and trust.This is a very simple and inexpensive thing to do. But it requires people to admit they are not immortal - so most people never do it. 