An Individual Investor
A person who commits capital in securities and assets on their own, with the expectation of receiving financial returns.
Joint Tenants with Right of Survivorship
This is when a property or asset is co-owned by multiple partners but one of the partners has passed away. The property shares owned by the deceased are transferred to the living partners, who now have joint/total ownership of the property.
Joint Tenants in Common (JTIC)
A legal relationship in which multiple people own a piece of property or asset but there are no rights of survivorship for any of the owners.
Tenants By The Entirety (TBE)
This is a method in some states by which married couples can hold the title to a property. In order for one spouse to modify his or her interest in the property in any way, the consent of both spouses is required by tenants by entirety.
A Company (corporation, LLC, etc.)
A company, corporation or limited liability corporation (LLC) is a group of people authorized to act as a single entity and invest as such. Many companies choose to invest their profits back into their own organization, but some choose to commit the capital to other types of investments.
When a person (trustor) gives another person (trustee) the right to hold title or property or assets for a third party (beneficiary).
Individual Retirement Account
An account that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. The owner of an IRA can choose how to invest the funds in the account.