What does joint tenancy with right of survivorship mean?
That is a phrase that is used in real estate normally. It can also be used in bank accounts and stock brokerage accounts. What it means is when you’ve set up on an account as joint tenancy with the right of survivorship, it means that the individuals who are on that account or piece of property are going to take that asset if one or more of the people on the account die without having to go through any type or probate.
