Investment Term for the Day - Joint Tenants with Right of Survivorship
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Description
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...
show moreEach 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.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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