Joint Account Registrations

Joint tenants with rights of survivorship (JTWROS) passes a deceased owner's interest automatically to the survivor(s); tenants in common (TIC) passes the deceased's stated percentage to their estate instead.

Other registrations the exam touches: individual accounts (one owner; others trade only with written authorization), transfer-on-death designations that skip probate, and fiduciary accounts (trust, estate, guardian) where documents establish authority.

Related terms

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