If spouses open a bank account with right of survivorship and one spouse dies,the funds in the account:
A)are immediately frozen until the will is probated.
B)pass in total and immediately to the remaining spouse.
C)pass immediately in a proportionate share to the surviving spouse.
D)automatically assume the status "tenants in common."

Question

Quizplus · Accepted Answer

When a bank account is opened with right of survivorship, it means that upon the death of one spouse, the funds in the account immediately pass to the surviving spouse without going through probate. Therefore, the correct answer is B, which states that the funds pass in total and immediately to the remaining spouse.

If Spouses Open a Bank Account with Right of Survivorship