A couple has been recently married, both for the second time. They are both age 40, and each has 2 kids from their prior marriage. They want to open a brokerage account that will ensure that the kids get assets from their natural parent. In order to accomplish this, the account should be opened as a:

Question

05-07-2022
Business

Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

A couple has been recently married, both for the second time. They are both age 40, and each has 2 kids from their prior marriage. They want to open a brokerage account that will ensure that the kids get assets from their natural parent. In order to accomplish this, the account should be opened as a:

Sagot :

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.

The first official U.S. flag, adopted in 1777, had what component(s) on it? a. Thirteen stars and thirteen stripes b. Thirteen stripes and the words “Don’t Tr

In 1803, the United States bought Louisiana Territory from France. The deal, known as the Louisiana Purchase, doubled the size of the U.S. and opened a new fro

The song “America” by Neil Diamond conveys a positive message about what often contentious issue?

The 15th Amendment, which granted African Americans the right to vote, was passed on which date?

United States lawyer and politician who advocated free silver and prosecuted John Scopes (1925) for teaching evolution in a Tennessee high school

Which president first held a Fourth of July celebration at the White House? George Washington John Adams Thomas Jefferson James Madison

How many words are in the Pledge of Allegiance? a. 31 b. 22 c. 29

Two ratios (fractions) that are equal to each other.

Individuals who are approximately the same age and are linked by common interests, including friends, classmates, and the 'kids in the neighborhood,' are most

In what city will you find NASA’s headquarters for all piloted U.S. space projects?

tripatsingh039 tripatsingh039 · Answer 1 · 2022-07-17T11:48:55-04:00

The account should be opened as Joint Account With Tenants In Common.

Joint Account With Tenants In Common

in these Joint accounts with tenants in common A Totten Trust is a payable on death bank account. Such an account allows the owner to leave funds to a named beneficiary (or beneficiaries), avoiding probate. The only problem is that it can't be used for brokerage accounts - it is only for bank accounts. To accomplish what the couple wants requires that a joint account be set up as tenants in common, with the percentage ownership split between the husband and wife. Then the husband must have his own will, leaving his share to his natural children; and the wife must have her own will, leaving her share to her natural children.

If an account is opened as a Joint Account with Tenants in Common, there is a specified ownership percentage for each tenant. Upon death of 1 tenant, that person's percentage goes to his or her estate, is passed by will and must go through probate (where someone could contest the transfer).

Learn more about Joint account with tenants in common here :

https://brainly.com/question/14998321

#SPJ4

Sagot :

Joint Account With Tenants In Common

Other Questions