Joint Tenants-in-Common (JT TIC/Ten Com)

In this type of joint account, the owners of the account each hold/own a different percentage share of the asset value. If one of the owners dies, however, they do not have the power to personally choose a beneficiary or give their assets to a surviving co-owner of the account; rather, the probate court determines who receives his/her interest in the account (NO survivorship feature).