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Just a question. Are you absolutely sure that this account is set up as JTWROS? I ask because I thought it was curious that your father had to tell you that you and your brother are named on the account. My father set up his accounts as JTWROS, but I knew that my name was on the accounts because I was required to sign when the accounts were set up. I suppose that your father could have signed your names... or perhaps not every financial institution requires everyone's signature.

By the way, other posters addressed federal inheritance tax, but be aware that many states impose their own tax. In New Jersey where I live, accounts that are listed as JTWROS are not considered to be part of the estate for NJ inhertitance tax purposes. But I'm sure every state is different.

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