There are a number of potential problems associated with owning your assets in joint tenancy with right of survivorship: 

Select all that are correct: 

1. All of these can be avoided by having a written agreement that the surviving spouse is not allowed to re-marry 

2. Assets that are jointly owned with the right of survivorship do not flow through the estate of the deceased, so estate planning tools such as testamentary spousal trusts cannot be used for these assets. 

3. The surviving joint tenant can give the property away during their lifetime rather than passing it on to their surviving children upon their death;

4. The property could be subject to a claim by the creditors of the surviving joint tenant; 

5. The surviving joint tenant can remarry and give this property to his or her new spouse (and/or the children of his or her new spouse) upon their death;

Answer rating: 100% (QA)

Joint tenancy is an arrangement that allows beneficiaries to access your account without having to go to court Couples and business partners can take title to each others bank accounts brokerage accou... View the full answer