JWROS

English

Phrase

JWROS

1. (law) Initialism of Joint with Rights of Survivorship. Indicating that a property is owned by two or more individuals, usually in equal portions, and that, on the death of one individual, the property will continue to be owned by the surviving individual(s).
   • 2018 December 5, The Trouble with Joint Bank Accounts 'Just in Case', kiplinger.com (retrieved 24 Nov 2022):

     The vast majority of banks set up all of their joint accounts as "Joint with Rights of Survivorship" (JWROS).

   • 2019 February 7, What is Probate and Should You Avoid It? Part I, Downs Law Firm (retrieved 24 Nov 2022):

     You can own assets jointly with rights of survivorship (JWROS). At the death of one joint owner, the assets go to the survivor.

Synonyms

• ROS
• WROS
• JTWROS