The brokerage person who called admitted she is not an attorney or a tax accountant, but just wanted to make sure I investigated possible tax consequences. Her concern is that my husband has the primary SSN on our joint accounts, my mother was the primary SSN on her joint accounts with me, and somehow transferring these assets could be deemed a gift to him. It doesn't make sense to me but I'm not an attorney or a tax accountant either.
They did send me forms for transferring the funds. Apparently there is no way for them to simply take my mother's name off the accounts and leave them in my name only.
