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I don't believe inheritance money is taxable unless it is very large.

True in the US, but not in Canada.

IRAs and RSPs (Canadian equivalent) would complicate things and have their own set of rules.

Yes, I should note that money is currently in 8 Schwab accounts, 6 of which are some flavor of IRA. The only thing substantial that is not there is the house. Current advice is that the Schwab accounts should specify spouse as the first beneficiary and the second beneficiary is a 70/30 split between son and sister.
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