To minimize legal problems in the event a spousal death,many people open their checking accounts as tenants in common.

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Opening a checking account as tenants in common means that each party owns an equal share of the account. In the event of a spousal death, this could result in legal problems if the spouse's share is subject to probate or if there are disagreements regarding ownership. It is generally recommended to open a joint account with right of survivorship, which ensures that the surviving spouse automatically inherits the full account without the need for probate or legal battles.

To Minimize Legal Problems in the Event a Spousal Death,many