What is the name of your state? MASSACHUSETTS
My mother has 2 CDs in a bank in Boston.
One is in her name and my sisters and the other is in her name and mine.
On the statements just the names are listed we do not seee any additional verbage such as Joint tentants etc......
When she passes do the funds go directly to us ===> no probate, or are they included and lumped into her estate on which there will be taxes due ?
THANK YOU FOR ANY ADVICE.
We are unsure how it all works.
My mother has 2 CDs in a bank in Boston.
One is in her name and my sisters and the other is in her name and mine.
On the statements just the names are listed we do not seee any additional verbage such as Joint tentants etc......
When she passes do the funds go directly to us ===> no probate, or are they included and lumped into her estate on which there will be taxes due ?
THANK YOU FOR ANY ADVICE.
We are unsure how it all works.