))
Investment Term for the Day - Joint Tenants with Right of Survivorship
Manage episode 407571653 series 2956461
Content provided by Africa Business Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Africa Business Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The term joint tenant with the right of survivorship (JTWROS) refers to a legal ownership structure involving two or more parties for any financial account or another asset. When one of the co-owners dies in a joint tenancy with the right of survivorship, then the surviving co-owner automatically owns the asset.
Each tenant has an equal right to the account's assets and is afforded survivorship rights if one of the account holder(s) dies.
A surviving member inherits the total value of the other member's share of property upon the death of that other member.
Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
…
continue reading
Each tenant has an equal right to the account's assets and is afforded survivorship rights if one of the account holder(s) dies.
A surviving member inherits the total value of the other member's share of property upon the death of that other member.
Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
304 episodes
Share
