SIE practice questioneasyAccount Types: Joint Accounts
In a joint tenants with rights of survivorship (JTWROS) account, what happens if one owner dies?
- ATrading is halted until a court order is received.
- BThe account must be liquidated and proceeds split.
- CThe deceased's share passes to their estate.
- DThe surviving owner(s) inherits the deceased's share automatically.✓ Correct answer
Explanation
Why D — The surviving owner(s) inherits the deceased's share automatically.
In JTWROS, surviving owner(s) automatically inherit the account share. C describes tenants-in-common. B and D are not required in this account structure.
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