Joint Accounts

From: Iron Foot <ironfoot@dorsai.org>
Subject: Joint Accounts
Date: Sun, 12 Jul 1998 19:03:41 -0400 (edt)

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	A few years ago, I opened up a savings account and asked my sister
to lend her name so as to make it a joint account. I paid taxes on the
dividends and stuff and I put money into the account.

	Now, I'd like to give the money to my sister. As the account has
more than $10,000 in it, how should I best do this? Can I just remove my
name from the account? If I do that, what will happen? (eg. Will the IRS
know? <grin>)

	Thanks in advance.



Elliott




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