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Oa) Ob) Oc) Od) What is an advantage of registering an account in joint ownership? It may save probate fees when a joint account
Oa) Ob) Oc) 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 if 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.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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