Unfortunately, there is not a clear authority for Jack or anyone else who seeks statutory guidance for calculating the exact amount of a discount for a one-half interest in property held as joint tenants with rights of survivorship.
What does WROS stand for?
WROS stands for With Rights Of Survivorship
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Samples in periodicals archive:
Many stock brokerage accounts are registered as joint tenants with rights of survivorship.
The three common forms of joint tenancies are: tenancy in common, joint with rights of survivorship and tenancies by the entirety.
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).
For example, many stock brokerage accounts are titled as joint tenants with rights of survivorship (JTWROS).