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Can a joint owner be added as a Beneficiary?

September 12, 2022
November 27, 2023
Customer Experience, Standard Operating Procedures, Account Maintenance, Beneficiary, Joint Owner
Beneficiary, Joint owner as beneficiary, ownership
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No, a joint owner cannot be designated as a beneficiary since they already have ownership of the account.

In the event of one account holder’s passing, the surviving account holder becomes the sole owner of the account.