The majority of banks set up joint accounts as “Joint With Rights of Survivorship” (JWROS) by default. This type of account ownership generally states that upon the death of either of the ...

Accounts that transfer by right of survivorship may not be fully protected from creditors of the deceased person, depending ...

While joint accounts are commonly shared with a spouse ... may unwittingly disinherit other children if the account has rights of survivorship as all the funds will flow only to the child(ren ...