Joint accounts on Fundrise can have one of three of the following designations:

  • Rights of survivorship - This means that upon the death of either owner of the joint account, the ownership of the account goes to the surviving joint account holder.
  • Tenants in common - This means that upon the death of an owner, the ownership of their portion of the account goes to their designated beneficiary, rather than the surviving joint account holder.
  • Community property - This allows spouses to transfer their share of the investment in the joint account directly to their surviving spouse without going through probate.
    This form of account ownership is only available to married individuals residing in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Wisconsin, or Washington.

The type of joint ownership selected can have important legal and estate-planning consequences. Please consult your CPA or attorney if you have any questions regarding the appropriate form of joint ownership.