Any issues transferring money from my parents account to my account?

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As the title states, is there any issues with me transferring money from their account to my account to earn interest? They have their money in a Wells Fargo bank which earns practically nothing. They aren’t tech savvy people and don’t want to deal or manage their own wealthfront account so my plan was to transfer their money into my account and when they need it, I’ll transfer it back. I just want to know if I’ll have any issues? I’m assuming it’s fine and I pay taxes on the interest but was wondering if there’s anything else not okay in the eyes of the state/government. Appreciate the help.

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Qwertdkeyboards

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Posted: 2 months ago
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