how to divide an investment account equitably
I recently found out that my and my sister's names are on an investment account started by my now deceased mother appx. 15-20 years ago. It was not set up as a 401-K, presumably because there are 2 names on it. My mother passed away 8 years ago. My sister never told me that my name was on the account, nor has she ever provided any statements relating to taxes paid or capital gains claimed. I feel that we should divide it up so that I can manage my own funds in a 401K. Since my sister helped my mother more than I did (I lived 2 hrs away), I was thinking that a 60:40 split would be equitable. Does this sound reasonable? I'm going to request paperwork for annual accounting to figure out the taxes/fees paid from the investment company, and consider deducting that amount from my share of the funds, provided that she actually paid them from her checking account If they were just deducted from the funds, then that will be considered, too.