Series 7 practice questioneasyAccount Registration 2
Which statement best describes tenants in common registration?
- Athe survivor automatically takes 100% of the account
- Bboth owners must have equal percentages
- Ceach owner’s interest passes to that owner’s estate at death✓ Correct answer
- Dthe account avoids probate in every state
Explanation
Why C — each owner’s interest passes to that owner’s estate at death
Different forms of account registration determine ownership rights during life and at death. A representative must understand how tenants in common affects control, transfer, and estate treatment before opening the account.
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