Series 10 Exam Question 18: Answer and Explanation

Question: 18

A customer and his spouse have an account registered as joint tenants in common. If the customer dies, what would happen to the account?

• A. The spouse would get the assets in the account.
• B. The decedent's assets will be distributed according to his will.
• C. All of the assets in the account will be distributed according to the trustee.
• D. The executor of the estate will determine how all of the assets are to be distributed.

Correct Answer: B

Explanation:

The decedent's assets will be distributed according to the will.