Joint Tenants With Right of Survivorship. If your Account is a joint account with right of survivorship, upon the death of one of the joint Account Holders, that person's ownership interest in the Account will immediately pass to the other joint Account Holder(s).
Joint Tenants With Right of Survivorship. If the Account Holders have elected to hold their Account as joint tenants with right of survivorship, each Joint Holder declares that his/her interest in the joint Account is held as a joint tenant with full rights of survivorship . In the event of the death of either Joint Holder, the entire interest in the joint Account shall become the property of the surviving Account Holder(s) and the estate of the deceased will have no further interest . The death of one Joint Holder shall not terminate the joint Account nor affect the rights of the survivor(s) to it; rather, all proceeds of and rights to the joint Account pass automatically, without any additional instruction to BPICI or the Custodian, to the surviving Joint Holder, or to the surviving Joint Holders jointly . Tenants in Common: If the Account Holders have elected to hold their Account as tenants in common, each Joint Holder declares his/ her interest in the Account is held as a tenant in common without rights of survivorship . In the event of death of either applicant, the deceased’s portion of assets in the joint account passes to his or her beneficiaries in accordance with his or her will or under intestacy and does not pass to the surviving Joint Holder(s) . The interest of the Joint Holders in the account shall be deemed to be equal unless otherwise specified by all Account Holders or their authorized representatives in writing . In addition to the other provisions of this Agreement the Joint Account Holders agree that the assets of the Joint Account, held either as joint tenants with right of survivorship or tenants in common, and the instructions relating to the Joint Account will be handled as follows:
Joint Tenants With Right of Survivorship. The signatures of both joint tenants are required. COMMUNITY PROPERTY: The signatures of both husband and wife are required, unless a separate document signed by both parties and designating either party as agent of the other party for purposes of signing accompanies the Subscription Agreement.
