My father left my brother and I CDs with the following listing: John Doe ITF Chris Doe/Sam Doe. We live in Pennsylvania. Are these CDs considered part of the estate and taxable since they have our names on them?
We can't help you with tax questions, but in general, the balance in the account at your father's death would be considered part of his estate for any taxation purposes. However, the account would not go through probate as part of the estate, since it would become Chris and Sam's account by operation of law. Check state law to determine whether Chris and Sam's interest in the account is subject to any interest of the Commonwealth of Pennsylvania's tax bureau.
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We can't help you with tax questions, but in general, the balance in the 