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Help Me Change Brokerage Acct to Joint Tenants by the Entirety

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  • #16
    I'm not terribly surprised that Schwab doesn't happen to make setting up a TBE account easy since it's a less common issue (many states don't even have TBE laws). Perhaps some states have laws allowing various ways to apply TBE status to assets, but I would expect most financial institutions to simply offer accounts that are TBE status (if they offer these at all), by signing up for that particular type of account and transferring assets in. Financial accounts are generally just contracts the institutions draw up and allow people to accept. If the contract doesn't already say the account's status can be changed (which I'd think is not very likely), then it can't be. You have to find an institution offering the type of contract you want to accept.

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