An account is opened for three individuals as "Tenants in Common." If one of the individuals dies, the: . B ( D account must be liquidated to facilitate the division of assets among the surviving tenants and the deceased's estate e state assumes the tenancy of the deceased individual in the account account becomes the property of the two remaining survivors as Tenants in Common a ccount becomes the property of the two remaining survivors as Joint Tenants with Rights of Survivorship