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Joint Tenants With Right of Survivorship

Categories: Tax, Trusts and Estates

The JTWROS account is a brokerage account where the other account holder automatically gets everything in the account when the other account-holder dies. 

Here's a hint: If you married someone significantly more attractive than you and twenty years younger, don't get this brokerage account.

Find other enlightening terms in Shmoop Finance Genius Bar(f)