Hope someone knows the answer
I did not know a place to post this question so hope someone here can help.Ã
Three years ago my FIL passed away. He did not have a will instead had his son(my husband) and daughter(sister-in-law) listed as joint owners on all his stock. My husband has tried many times to get his sister to sign papers to remove his dad's name from all the stock...even the lawyer talked to her but she will not do so. He has not spoken to his sister since his father's death. I am worried that the IRS is going to fine both of them for not removing his name and the dividens are paid back into the stock to buy more stock. BUT it is taxable income...see why I am worried!
ANY ideas what to do...it takes both of them to sign to remove his dad's name.