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Gift Tax and Estate Tax Consequences Generally, there are no gift tax consequences upon the creation of a joint tenancy between spouses (either as a tenancy by the entireties (TBE) or as a joint tenancy with rights of survivorship (JTWROS)) because of the unlimited marital deduction.
The ruling went on to say that if the decedent's stock was transferred by act of law under a joint tenancy with rights of survivorship or as tenants of the entirety, the surviving spouse's signature would be sufficient to cover both parties (surviving and deceased spouses).