My MIL died in October. My wife found out there was a checking account in her and her Mother's name. My wife didn't put any money into it and didn't even know about it. The bank has now taken her mother's name off it.
My MIL always paid income tax on the account's income. Presumably my wife is now responsible for it, but for the entire year, or from her Mother's death?
There isn't a whole lot of money involved, but I like to get it right. Thanks.