When my mom died all her bank accounts were joined accounts with me except one account that had under $1000. Because of this all bank accounts except for one had my moms removed. I just didn’t get around to going to the bank and removing her name from the one account since it was a joint account to begin with.
For the home since she passed I simply paid for all expenses from the bank accounts that we had joint. I didn’t deposit money into an estate account and pay out that way.
the estate account only had this small amount of money which I withdrew and used it towards expenses.
i am the only child and only person who inherits the home etc.
we just sold the home in Feb and the funds were deposited directly into my account not the estate account.
my question is does any of the above matter?
i assume what I paid out from the joint accounts is just considered expenses as part of the estate and any rent I collected from the house and deposited into my checking account used with my mom at one point is also estate income. It shouldn’t matter the source of the funds as long as I report them correct?
