You and your brother have decided to invest in the stock market together. You will put in $5,000 each and open a single account at a brokerage. How should the ownership of this account be established if both of you wish the other to keep all the money in the event that the other should die?

Question

Quizplus · Accepted Answer

Joint tenancy with the right of survivorship would ensure that if either of the siblings were to pass away, the other would receive full ownership of the account without probate. This option is ideal for siblings who wish to keep the account simple and do not plan on leaving their share to anyone but their co-owner.

You and Your Brother Have Decided to Invest in the Stock