My mother has CDs with my name on them also. How do we go about changing names - putting mine first? Do we have to pay taxes? This was from a life insurance policy.
Whether your name is first or second is inconsequential. A jointly owned CD is a jointly owned CD. You can ask your bank to report interest earned under your SSN if that is what you desire.
If you want a name removed, that is an ownership change. Your bank may require that you close and repoen the account in order to do that. This could involve a penalty for cashing in the CD prior to maturity.
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Whether your name is first or second is inconsequential. A jointly owned CD is a jointly owned CD. You can ask your bank to report interest earned under your SSN if that is what you desire.