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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

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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