Series 7 - General Securities Representative Exam
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Lisa and her husband are in the office to open a brokerage account. Their concern is what will happen to the assets if one of them passes away and the other survives. They want to ensure that the surviving spouse receives the assets. Which account type best fits this situation?
JTIC
A
JTWROS
B
Partnership
C
LLC
D
Explanations
JTWROS is the Joint Tenants With Rights Of Survivorship Account type. It best fits the needs of this situation