My brother had his bank account in my name since 1995. The 1099-INT were sent to me by the bank and I included it in my taxes. My brother pa...

Question

My brother had his bank account in my name since 1995. The 1099-INT were sent to me by the bank and I included it in my taxes. My brother passed away on 07/27/2012 and my question is: what happens to that account now ?

Answer

If the account is in your name then the account is yours

Answer

I nagree with Larry. If the account has your name and social security number, it belongs to you and can be closed out.