I'm told by somebody with personal experience that even though my name is on Mom's bank accounts, when she dies the account will still be locked pending probate because my brother and I are both named in the will. The advice is that I should move most all the money to a new account without Mom's name on it. Does anyone confirm this to be true. I am in TN.
Also - if I move the money into a new account with my and my brother's names, does it affect our taxes?