eac@drutx.UUCP (07/19/84)
How about having no joint accounts at all!! (Sometimes this isn't possible--for example, most people like to hold securities jointly.) Another thing to consider--if you don't have a will, some states will split your estate equally between the remaining family members. If you have a 9 month old son, he could suddenly own half of your house!! Betsy Cvetic ihnp4!drutx!eac
rcd@opus.UUCP (Dick Dunn) (07/21/84)
In Colorado, and I believe in most states, the phrase you want to use is
"Joint Tenants (or Tenancy) With Right of Survivorship" - you may see this
abbreviated JTWROS.
You want to cover not only bank accounts here, but the titles to important
things like your house and cars - anything significant enough to have a
title recorded on it.
--
Dick Dunn {hao,ucbvax,allegra}!nbires!rcd (303)444-5710 x3086
...A friend of the devil is a friend of mine.