The term joint tenant with the right of survivorship (JTWROS) refers to a legal ownership structure involving two or more parties for any financial account or another asset. When one of the co-owners dies in a joint tenancy with the right of survivorship, then the surviving co-owner automatically owns the asset.Each tenant has an equal right to the account's assets and is afforded survivorship rights if one of the account holder(s) dies.A surviving member inherits the total value of the other member's share of property upon the death of that other member.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

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