What’s Does the Abbreviation JTWROS Mean?

While it may be fairly common practice for couples and business partners to take title to each other's bank accounts, brokerage accounts, real estate and/or personal property as 'joint tenants with rights of survivorship' (JTWROS) it is not without its drawbacks. JTWROS, or Joint Tenants with Rights of Survivorship, is a form of asset ownership, …

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