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LPT: Joint Bank Account (JTWROS)
LPT: Joint Bank Account (JTWROS) Not all joint Bank accounts have all survivors as operators. If one owner dies, the account will be frozen till probate court proceeding is complete. However in joint bank account with rights of survivorship (JTWROS), the other account holder can operate the account. Call your bank and find out if your joint account is JTWROS.
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