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Larry is single and wants his two children to receive the $5,000 in his savings account upon his
death. He does not want them to have access to the money while he is still alive because he is
concerned they might use it. What is the best way for him to title his bank account?
A Sole Ownership
B JTWROS
C Tenants by Entirety
D Sole Ownership with POD designation naming his two children

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  • 1. Larry is single and wants his two children to receive the $5,000 in his savings account upon his death. He does not want them to have access to the money while he is still alive because he is concerned they might use it. What is the best way for him to title his bank account? A Sole Ownership B JTWROS C Tenants by Entirety D Sole Ownership with POD designation naming his two children