Series 6 - Investment Company And Variable Contracts Products Representative Exam
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Which type of account provides that a tenant's fractional interest in the account be retained by the tenant's estate and not passed to the surviving tenant?
Joint tenants with rights of survivorship
A
Tenants in common
B
Joint account
C
Transfer on death account
D
Explanations
Tenants in common ownership provides that a deceased tenant's fractional interest in the account be retained by that tenant's estate and not passed to the surviving tenant(s).