Oa) Ob) Oo Od) What is an advantage of registering an account in joint ownership? It may save probate fees when a joint
Posted: Tue Nov 16, 2021 7:54 am
Oa) Ob) Oo Od) What is an advantage of registering an account in joint ownership? It may save probate fees when a joint account holder passes away A transfer of property to a joint account generally means a loss of control over the property Creditors may wish to access property held in a joint account it one of the joint owners becomes bankrupt The joint account may become open to division in the event of a breakdown of the marriage of a joint owner