Legal Question in Wills and Trusts in Florida

ITF, or In Trust For (also known as a Totten Trust and a Poor Man's Will) needs to be transferred to the rightful owner. Whether it is done in 2010 or 2011 doesn't make much difference, though if done in 2011 it might make more work for the tax return preparer so they may charge more.

Either way, normally the interest to the date of death is to go on your mother's tax return, and thereafter on the beneficiary's. As to how it would be treated in your situation you need a CPA to account for it.