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Series 7
Account Types — Joint Tenants with Right of Survivorship · easy · updates daily
In a Joint Tenants with Right of Survivorship (JTWROS) account, what happens to the assets when one account holder dies?
A
The assets are frozen until probate is complete
B
The deceased's share passes to their estate
C
The surviving tenant(s) automatically receive the deceased's share
D
The assets are divided equally among all heirs named in the deceased's will
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