If my life partner and I have joint brokerage and checking/savings accounts with rights of survivership, do these funds just transfer to the other upon death, and what are the tax consequences?
Asked on 2/08/13, 6:06 am
1 Answer from Attorneys
Sanford M. Martin
Sanford M. Martin, P.A.
Based on the facts described in your inquiry; yes, upon death of one joint holder, the
asset transfers to the other one. Such transfer of assets from joint ownership to the
sole survivor has no tax consequences unless there is some special provision in your
terms of joint ownership which would be unusual.
Answered on 2/08/13, 6:28 am
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