SIE Exam Question 176: Answer and Explanation

Question: 176

In a joint tenancy with rights of survivorship (JTWROS) account, what happens to the assets when the first person dies?

• A. 50 percent of the assets are transferred to an estate account for the deceased person
• B. 100 percent of the assets remain with the surviving co-account holder
• C. 50 percent of the assets are transferred directly to the deceased person’s heirs
• D. 100 percent of the assets are transferred to an estate account for the deceased person

Correct Answer: B

Explanation:

In a joint tenant with rights of survivorship (JTWROS) account, when the first person dies 100 percent of the assets remain with the surviving co-account holder.