gingris
New Member

Beneficiary

My mother passed away recently.

She had several CD's.

The CD's are in the name of my brother, with myself listed as a beneficiary. 

My brother is the executor and is ready to close out the account and distribute the funds equally.

My mother lived in New York and I reside out of state.

What is the method to distribute the amount of the CD ?

Will the distribution trigger tax consequences or inheritance tax ?