SIE Exam Practice Question 390
Question: 390
When one of the individuals in an account opened as Tenants in Common dies, their share of the account:
Correct Answer: D
Explanation:
D: TIC, tenants in common, holds that each co-tenant in the account will have their % share of the account go to their estate upon death. In joint tenancy with rights of survivorship (JTWROS), the survivor receives the share of the other co-tenant upon death.
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