SIE Exam Practice Question 176

Question: 176

In a joint tenancy with rights of survivorship (JTWROS) account, what happens to the assets when the first person dies?

A. 50 percent of the assets are transferred to an estate account for the deceased person

B. 100 percent of the assets remain with the surviving co-account holder

C. 50 percent of the assets are transferred directly to the deceased person’s heirs

D. 100 percent of the assets are transferred to an estate account for the deceased person