I am the executor of my parent's estates. Both passed away last year. All of their bank accounts and debts have been taken care of some time ago as both parents were on Medicaid. I sold their house and received a check for the proceeds at closing. The proceeds are to be split equally between my sister and I. Seems silly to have to open a new account just to disperse the funds but of course I want to handle this the correct way. I live in the state of Georgia and my sister lives in Canada. Total proceeds is around $90,000. What do I need to do? PS: my understanding is that this inheritance would be tax free - maybe someone can clarify that too. Thanks!