Apply Ownership Structures
Series 65 · Flashcards · Application
SERIES 65 · FLASHCARDS
Card 1
of 5
0 got it
0 to review
Current
Got it
Still learning
Not seen
QUESTION
Apply TOD: Owner names beneficiary on a TOD account and then dies. Does it go to probate?
QUESTION
Apply survivorship: A and B hold JTWROS; A dies. Who owns A's former interest?
QUESTION
Apply probate transfer: A and B hold TIC; A dies. Who receives A's interest?
Tap to flip before you grade
ANSWER
A's estate (then heirs/beneficiaries) receives A's interest. TIC lacks survivorship, so A's share enters probate for distribution to heirs.
Swipe → got it · swipe ← still learning
Got it
Still learning
Flip Card
Previous card
Next card