If my mother (a perfect Fool!) and I open an account with rights of survivorship, where I manage the decisions, but she funds the account: 1)--who pays the taxes? me? Her? both??? and 2) if the account is funded at $30,000, since we both technically own half, is it considered gifting on my half (which would make $5000 taxable). My mother's (unfoolish) asset manager doesnt know---shame on Merrill Lynch.