Sorting out the very subtle (and possibly important) distinction between the two acronyms.

Provided by Christian H. DePaul, CFP


JTWROS. JT TEN. What do these acronyms stand for? To what degree do their meanings differ? If you own or co-own assets, you should know the subtle distinction that some states make between them.

JTWROS stands for Joint Tenancy with Right of Survivorship. JT TEN stands for Joint Tenants with Right of Survivorship. No difference, right? Well, in some states, courts may see one. Here is a discussion of the meaning of each ownership option, and some fine print worth knowing about.

A JTWROS ownership option gives each co-owner equal rights to an asset or account. When a co-owner dies, the asset/account then passes to the surviving owner(s) without going through probate. The surviving owner(s) then own(s) 100% of the asset/account.1

Is JT TEN just another way to spell JTWROS? In many states, yes – but not all. Most states regard JT TEN as the equivalent of JTWROS, and do not interpret the “TEN” in JT TEN to mean “tenants in common,” which is also called “tenancy by the entirety.” Some states, however, do interpret it to mean “tenants in common.” That interpretation may lead to an asset being probated.

When two or more people own an asset or an account as tenants in common, the right of survivorship is not conveyed to the surviving owner when one owner dies. Instead, when an owner passes away, that ownership share passes through his or her estate as per the terms stated in his or her will – and that leaves the asset open to probate. If the co-owner dies without a will, then the ownership share passes to surviving heirs.2,3

Some states make subtle distinctions. Take Michigan, for example. If a title document contains the phrase “as joint tenants and not as tenants in common,” any co-owner of real property can terminate the joint tenancy. If property is transferred to new owners “as joint tenants with right of survivorship” (i.e., JTWROS) or to the new owners “and the survivor of them,” a co-owner cannot terminate the joint tenancy unilaterally.4

In Texas, co-owners of property can’t hold real estate in joint tenancy merely by including the JTWROS acronym on a title document. Legally speaking, they must go a step further: all the joint tenants have to sign a written agreement certifying the creation of the joint tenancy. There have been court battles in Texas over such documentation, or the lack thereof. Sometimes things have gone the other way: in 2009, the Texas Supreme Court ruled that a married couple whose investment accounts were titled “JT TEN” did have survivorship rights, even without the use or appearance of the JTWROS acronym on those accounts.4

Some states want you to be explicit when it comes to JTWROS. South Carolina instructs property owners to use the phrase “as joint tenants with rights of survivorship, and not as tenants in common,” instead of the mere JTWROS acronym, for added clarity.4

You should keep these distinctions in mind. Tiny as they may seem, you may have to know about them if you buy, sell, or inherit property in certain states.

Christian may be reached at (434) 385-1340 or

Christian H. DePaul is a Registered Representative offering securities through Cadaret, Grant & Co., Inc. Member FINRA/SIPC. DePaul Wealth Management and Cadaret, Grant are separate entities.


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1 – [7/28/15]

2 – [10/17/16]

3 – [10/17/16]

4 – [10/17/16]


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