If my mother puts my brothers name on a financial CD, will he automatically inherit the money?

First of all an Inheritance is after death. I really don't understand how people can assume that a person's money is an inheritance, Prior to thier passing. Prior to death it is a gift and above a certain amount is taxable income and any interest is as well. I do know that in the event of illness or perminent disability, in home care or nursing home care is quite costly. If funds are depleated, and care is still needed you can count on lookback of all transfers to be investigated and explainations of who,where and why? Tranfers will ill intent will need to be repaid. I do not know your story but I do know mine and to make a long story short .....those who focus on money and not A LIFE are left with empty hearts as well as pockets. Just a thought from my experience. When you leave this earth you take your soul not your wallet. A pure heart is worth more than anything money can buy. If your brother is focusing on money, just make sure Mom is taken care of. My Mom had barely any money yet I had to battle with family to do what was needed to care for her yet her assets took priority over her well being.

Madge, what if your mother had a will? I don't know if your brother could take that CD and spend it if mom wants everything split. I'd be asking the bank that question.

Who is your bother? Don't you mean brother? Or is this a Freudian slip?

Is your mother's intention to disinherit you? Does she understand that is what she is doing?

great, just what I figured. Thanks seemeride.

If he is listed as a co-owner, yes. I believe he may also be listed as a beneficiary, in which case, yes.