Common use of Joint or Multiple Party Account without Right of Survivorship Clause in Contracts

Joint or Multiple Party Account without Right of Survivorship. An Account will be a Joint or Multiple Party Account without Right of Survivorship if you have so indicated in the Application, or if any such instrument otherwise fails to expressly indicate that the Account is held jointly with right of survivorship. On the death of a party, the party’s ownership of the Account passes as part of the party’s estate under the party’s Will or by intestacy.

Joint or Multiple Party Account without Right of Survivorship. An Account will be a Joint or Multiple Multiple-Party Account without Right of Survivorship if you have so indicated in the on any Application, or if any such instrument otherwise fails to expressly indicate that the Account is held jointly with right of survivorshipsurvivorship or is not signed by the Party who dies. On the death of a partyParty, the partyParty’s ownership of the Account passes as a part of the partyParty’s estate under the partyParty’s Will or by intestacy.