My mother passed away 2024 and left me and my brother around 120k in savings account my father took the money from her account and transferred it over to his savings and then signed over two cashier checks with the amount split up into two for me and my brother which was done January 2025. There is no will or living trust and this was by my mom’s word of mouth while she was alive and told my father told money was for me and my brother. My dad is worried now that he would have to pay taxes on this money he gave me and my brother. My question is do we have to pay taxes on this money? It was in my mother’s savings regular savings account and not in any special account. We reside in California. Sorry for the confusion I read my post and realized I put wrong dates. I updated with the correct dates.
