Search Investopedia

Joint Tenants with Right of Survivorship - JTWROS

Filed Under » , ,
Dictionary Says

Definition of 'Joint Tenants with Right of Survivorship - JTWROS'

A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the account's assets and are afforded survivorship rights in the event of the death of another account holder.
Investopedia Says

Investopedia explains 'Joint Tenants with Right of Survivorship - JTWROS'

In this type of brokerage account, a surviving member will inherit the total value of the other member's share of account assets upon the death of that other member. All members of the account are afforded the power to conduct investment transactions within the account as well.

Related Definitions

  • Beneficiary

    A person or entity named in a will or a financial contract as the inheritor of property when the property owner dies.
    Read More »

  • Broker

    1. An individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. 2. The role of a firm when it acts as an agent for a customer and ...
    Read More »

  • Heir

    A person who inherits some or all of the estate of a recently deceased person. The legal successor is usually selected because he or she is related to the deceased by a direct bloodline ...
    Read More »

    • Will

      A legally enforceable declaration of how a person wishes his or her property to be distributed after death. In a will, a person can also recommend a guardian for his or her children. ...
      Read More »

    • Common Law Property

      A system used by most states to determine ownership of property acquired during marriage. In contrast to the community property system, the common law property system states that ...
      Read More »

Articles Of Interest

Sponsored links
Hot Definitions
Partner Links
Suggested Definitions