Joint Tenants (JT)
An account with more than one owner.
(1) WROS: With Right of Survivorship: In the event of the death of one party, the survivor receives total ownership.
(2) TIC: Tenants in Common: In the event of the death of one party, the survivors receive only their portion of the account. The remaining assets go to the deceased’s estate.
(1) WROS: With Right of Survivorship: In the event of the death of one party, the survivor receives total ownership.
(2) TIC: Tenants in Common: In the event of the death of one party, the survivors receive only their portion of the account. The remaining assets go to the deceased’s estate.
Updated on: 24/04/2023
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