Investor Glossary-joint tenants with right of survivorshipInvestor Glossary-joint tenants with right of survivorshipInvestor Glossary-joint tenants with right of survivorshipInvestor Glossary-joint tenants with right of survivorshipInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint Tenants With Right Of Survivorship

The HTML to link to this page
 

Joint tenants with right of survivorship, sometimes abbreviated JTWROS, is a legal method of holding property in which ownership is shared by two or more people, each enjoying equal rights to the property. Owners who hold property as joint tenants with right of survivorship are referred to as joint tenants. Joint tenants with right of survivorship can be used by unmarried or married couples. Examples of assets typically held as joint tenants with right of survivorship include primary residences and bank or brokerage accounts. Business partners sometimes will hold their business property as joint tenants with right of survivorship.

Upon the death of one of the joint tenants, the ownership of property held as joint tenants with right of survivorship passes directly to the other joint tenant(s), regardless of any conflicting instructions for distribution of said property in the decedent's will. Using joint tenants with right of survivorship to hold property keeps the property out of the estate of a decedent joint tenant, though estate and/or gift taxes may apply. Liabilities attached to a property held as joint tenants with right of survivorship continue to be attached to that property and become the responsibility of the surviving joint tenants. Unless ownership is re-registered differently, property held as joint tenants with right of survivorship passes to the estate of the last surviving joint tenant.



Rate this Joint Tenants with Right of Survivorship definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: average price per share, annual return, irrevocable trust, ex-dividend, inflation, open position, Zero Cost Collar, stock split, quality assurance, Key Rate Duration, deferred revenue, APR, reverse mortgage, minority interest, phantom income, debt service coverage, option premium, real GDP, LIBOR, balance sheet, 1035 exchange, diluted share, ex-dividend date, 144a, command economy, class C shares, cancelled check, in escrow, VIX, covered put, per diem, labor relations, required rate of return, FTSE, wholly-owned subsidiary, FICO score, limit order, implied volatility, dividends payable, liquidity ratio, retained earnings, EBITDA, deferred tax, stock market close, margin rate, current ratio, 401a, risk management, 1031 exchange


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use