I am caregiver for my husband who has Alzheimer’s, Asbestosis and MDS. I put my grown daughter on our checking account. I see now that this was the wrong thing to do and now she thinks because I am taking her off of it that I am cutting her out of everything. So frustrating. Is it true you should not have a child on your account?
So far, I don't have a kid on our acct. We're considered to be too young to be even thinking about that now, and when the time comes, I have 4 daughters with whom I would trust ANYTHING. Having said that, I wouldn't trust my son for 5 minutes. He's certainly not a bad guy, but he would be so clueless and unhelpful.
Talk to your daughter and tell her she's not being cut out of anything, you're just changing the way you do your financials. Blame your attorney, if you want, say they gave you this advice. Then she can be mad at him/her.