We suggest that you do not do this and instead consider creating a Trust. If you have a child listed on a bank account, then upon your death, your account will automatically go to your child. While this may not automatically be a concern for you, please consider this. If there are others you wanted to have access to the funds in your account, they may be cut off from them. Whoever is listed on the account could take the funds and use them for their own purposes. The other big concern is part of the Four-headed Monster: creditors, and predators. If there are creditors or predators after your child’s assets, your bank account will now be exposed to these people, and the funds in your account may be drained.