What is the name of your state (only U.S. law)? NY
My mother passed away recently. Approximately 2.5 years prior to her death , she redeeded her home to me via a Quitclaim Deed. All of her financial accounts were as follows:
- checking account (I was sole beneficiary)
- C0-owned Annuity (in both her name and mine)
- Annuity (sole beneficiary if living , otherwise my sister)
Thus , all of the accounts automatically were mine upon her death (the annuity was reinvested after her death in my name).
My question is this: are any of these considered part of the estate? If so , what about taxes on them? (My mother did not have to file tax returns for quite a few years.) There was nothing else in her possession at the time of death.
My mother passed away recently. Approximately 2.5 years prior to her death , she redeeded her home to me via a Quitclaim Deed. All of her financial accounts were as follows:
- checking account (I was sole beneficiary)
- C0-owned Annuity (in both her name and mine)
- Annuity (sole beneficiary if living , otherwise my sister)
Thus , all of the accounts automatically were mine upon her death (the annuity was reinvested after her death in my name).
My question is this: are any of these considered part of the estate? If so , what about taxes on them? (My mother did not have to file tax returns for quite a few years.) There was nothing else in her possession at the time of death.