So... a little history: I am terrified about incurring a tax liability as we (brother and I) settle out our mother's affairs. She was by no means wealthy but I don't want any surprises next April, Know what I mean?? My fear comes from when my father finally was awarded soc sec disability when I was a teen and there was a BIG tax bill attached. So there were two small life insurance policies that my grandmother had on her. I am beneficiary of one, I need to sign an affidavit about the other before I get any information on the second (the company can't disclose the beneficiary over the phone but I'm apparently in line to receive the payout). I will split this with my brother. There is also a small GIC investment account in a Canadian bank that my brother and sister-in-law are chasing down, I stand to get half of that. There is also a missing social security check from last summer. We stand to split that if the administration can see that the check wasn't cashed. And finally, each of my parents had unclaimed funds being held by NYS. I have filed but my brother doesn't know yet because I don't want them to be hopeful it's a substantial amount when it's more than likely not more than a couple of hundred $$$ at most. They are struggling financially so I'd rather surprise them with a small amount than have them be disappointed that it isn't larger. So... what to do about taxes? I'll be putting aside 30% of everything into a savings account so that I have funds to pay the tax man next spring. I'll split anything that's leftover with my brother (if any). Does that sound reasonable?