Investor Glossary-jtwrosInvestor Glossary-jtwrosInvestor Glossary-jtwrosInvestor Glossary-jtwrosInsightful 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

JTWROS

The HTML to link to this page
 

JTWROS, an acronym meaning joint tenants with right of survivorship, is a legal way to hold real property in which two or more people share ownership. All tenants have equal rights to the property. When property is held in JTWROS and one of the joint tenants dies the ownership of the property passes directly to the other joint tenant(s). Assets held in JTWROS do not enter the decedent's estate (although estate taxes and/or gift taxes may apply) or go to the beneficiaries of the will. Indeed, if assets held in JTWROS are listed in the will and any of the joint tenants survive the decedent, the JTWROS supersedes the bequest and ownership passes to the surviving joint tenant. JTWROS is a common way for couples, married and unmarried, to hold property. This can include principal residences, as well as bank or brokerage accounts. In some cases, JTWROS can also be used for business partners to hold certain assets (e.g. business property). It is important to note that liabilities associated with a property owned in JTWROS remain attached to such property in the event of the death of a joint tenant.



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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use