<prompt> Human: My mom sold her house and moved to Europe. The money from her house sale was deposited into her account with a credit union where my name is also present so I can handle things on this end. The credit union cannot do international wires so we need a big bank. The idea is to open an account in my name with chase, transfer the money there and send it internationally.How will this effect me financially or legally with the IRS? is someone going to come knocking on my door asking about the 600k? will I be taxed on it? will we pay a gift tax or something like it? since it is moving from a joint account both our names to only my account and then back to only hers, can the government just follow the trail and understand where the money iswent?That aside, what would be the best way to accomplish this? another option we have considered is western union fx. But if i understand correctly, western union will offer an average exchange rate, so not the best, not the worst so maybe its not ideal to send that much money through this method.Anything helps, thanks so much in advance.Assistant: Your first concern should be with Chase. Ask them whether they have problems with a new customer wanting to transit 600k to a foreign bank account. Explain everything.There is no gift tax. This is not a gift or income. If the bank asks, answer honestly and completely. Human: Chase didnt seem to have an issue with it. but they dont want me to open, make the transfer, and close. so id have to leave it open. not really an issue. Just worried im gonna screw myself come next tax season or if im going to have to be answering a lot of questions. Not hiding anything, just want to be prepared.thanks  <response>: Just make sure you find out what the requirements will be to keep the account open with Chase. I worked abroad for several years, set-up an account that would allow international transactions, etc. The problem is the fees associated with the accounts alongside the required minimum balances and minimum transactionsmos can make this a difficult trail. Good luck! 