<prompt> Human: My mom had cancer a few years back, and made an agreement with god for how long shed get to live. She is now approaching that deadline and is convinced she will die soon, despite being cancer free for 2 years.As part of this, shes getting all her finances in order and preparing for her death. This includes preparing all the receipts from past home renovations so we can minimize taxes from selling her house after she dies, etc.She wants to open a joint account between her and I, and transfer her savings 70k in to it, with the understand that I wont touch the money until she passes away. Her objective is to simplify the transition of funds after she dies and to avoid estate tax.Im wondering if this could have any negative impact on my own personal finances. Namely, will this impact my taxes? Will this make it harder to apply for and receive loans in the future? Does this impact my student loan repayment? Im not sure if theres anything else I should be worried about, but I want to make sure Im going into this with my eyes open.Note: yes I know its insane that she thinks she has an agreement with god, but Im hoping for financial advice rather than relationship advice.Edit: Ive told my mom that a will is probably fine and we dont need a joint account, but shes going to do it anyway and theres not much I can do to convince her otherwise. So Im mainly just wondering if this could affect me negatively at all.  <response>: All of the scenarios youve mentioned would not remove estate tax liability. That said, unless you live in a state that currently has an estate tax, its unlikely your mom will owe any estate tax, given the new federal limits - 11.2 million. For example, Massachusetts has a 1 million dollar taxable estate threshold, Illinois has a 4 million dollar taxable estate threshold.If youre in a state where estate tax liability is a concern then your mom should talk to an estate planning attorney. They may recommend a gift strategy, or other short term solutions to help. 