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posted Jul 25, 2023 5:39:38 AM

splitting money left form parents

My parents passed away recently. I am not a beneficiary and they did not have a will. They split and put all of their assets in each of our names before they died. They didn't want to do a will for whatever reason. They just had an understanding that we would split the money after they passed. My dad put my sister on his bank account a few months ago and just passed away. The amount is several hundred thousand dollars. 

What would be the best way to handle this? We just want to split the money, but have this tax question on my half. 

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1 Replies
Level 15
Jul 25, 2023 5:42:16 AM