Series 7 - General Securities Representative Exam
Preview Mode
Which of the following accounts is a type of joint account that is usually set up for individuals that are not related?
JTIC
A
JTWROS
B
UTMA
C
POA
D
Explanations
Joint with tenants in common (JTIC): With this type of account, when one tenant of the account dies, his or her portion of the account becomes passes on to his or her estate