Can you put an inheritance into a joint account?

An inheritance can raise questions about taxes, family law, and how to manage the money. This article focuses on the income tax considerations for married and common-law couples who invest inherited funds.Taxation of an inheritanceFirst off, the receipt of an inheritance is generally not taxable. Most or all tax is paid by the estate of the deceased, and the after-tax proceeds are distributed to the beneficiaries. There can be exceptions. If you inherit real estate and sell it later, subseq