What is the most efficient way to manage a family portfolio and protect from personal liabilities?

Couldn't be opened an individual account for every family member name?

When your family's money is in your account, isn't there a tax problem?

You would be taxed but not them. Would that possibly be formal 'tax evasion' of Your family ? Sorry, just my idea, how it legally would be here, over in Europe.​​​

Dont worry let me share some ideas in legal and financial aspects

Ok legal aspects,

While you are single should you pass away your entire estate including your family's portfolio will be distributed to your parents.

After you are married should you pass away half of your estate will go to your wife and the remaining to your parents. This might be undesirable should your family portfolio forms the majority of your estate however you can easily overcome this without seeking anybody's permission by writing a will. Note a will done before marriage is voided immediately upon marriage, so do write another one after marriage if necessary.

Ok financial aspect, in terms of your personal liabilities for example housing loan or business loan. As long as you are working unless your business fails then nothing much you can do, but there's still the risk that should your liabilites outlive you then the creditor will go after your "family" monies under your name. However you can hedge this inherent "time-running-out-on-you" risk with an Insurance payout equal to your liabilities.

In summary;

1. write a will (please seek legal assisstance) especially after marriage

2. Buy an insurance payout equal to liability or family portfolio value

why? because you are the steward of your family's wealth i assume you are a valuable asset to your family.

Focus on investing your family money! dont worry too much about other people think or say.​​​