Legal Question in Wills and Trusts in California

CD Beneficiaries

This question is concerning multiple CD's and Beneficiaries. My grandfather has multiple CD's with my mother and her two brothers as equal beneficiaries and co - signers on the joint accounts. My question is when he dies, what is going to happen to the monetary values in the CD's? Is there going to be a gift tax? If any taxes? What percentage would be taken out? What is the best way to handle a situation like this?


Asked on 2/19/07, 2:15 pm

1 Answer from Attorneys
Marco Chayet Chayet, Dawson & Danzo, LLC

Re: CD Beneficiaries

Is this for Colorado or California?

Read more
Answered on 2/19/07, 2:28 pm


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