Legal Question in Wills and Trusts in Rhode Island
if 2 people hold a brokerage account in joint tenancy w/ rights of survivorship in RI, can one individual pass his share to his heirs in his will?
Asked on 3/30/10, 9:05 am
1 Answer from Attorneys
Lori Norris
Law Office of Lori J. Norris
Unfortunately not. Holding the account with "rights of survivorship" means that upon the death of the first account holder, the account automatically passes to the survivor. If you wish to have your share of the account pass to your heirs, you would need to break the joint tenancy prior to death.
Answered on 4/04/10, 9:28 am
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