even worst- in my case a few years ago I almost put my brother on my contracts as a co-owner. I didn't and I am very happy I didn't. He declare bankrupty and if I had put him as co-owner (despite him not paying a penny on it) - the courts would have gotten at least half of it.
I am so glad that I didn't do that!!!
That is a great example! Sorry it happened to your brother, but thank you for sharing so we can all learn from it. How financially responsible are our children going to be? Despite our best efforts, they could have financial problems, drug problems, allow people to take advantage of them etc. All put your finances at risk when you co-sign or add them to legally binding contracts. i will not co-sign for my childrens vehicles in the future, I may buy them a vehicle if able, but I will not co-sign. I will put them in our will and they can have it all, but not until I am gone.