After my Mom's passing I became co owner of a money market account with my Dad. As co owner of the money market account I was informed by the bank that I am entitled to half the amount. The money market comes up either renewal or termination next week. My father wants to place it in either the bank or re-invest. He also wants to gift to me and my family members. I understand the gifting laws as they pertain to re-paying should he need to enter a care facility. Considering the money is legally mine!