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Posts tagged "joint bank account"

Does a Joint Bank Account Automatically Contain a Right of Survivorship?

A joint bank account is a ubiquitous and popular way to own an account with one's spouse, children, loved ones and friends. Generally, the primary and most significant advantage to using a joint bank account is that any of the parties named to the joint account will have access to its funds and, if the account is a joint account with rights of survivorship, the account passes to the surviving named account holder(s) upon the death of any joint tenant.

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