Jazz Wealth

Joint Brokerage Account vs. Individual Account With Spouse as Beneficiary: What's the
Difference?
Choosing between a joint brokerage account and an individually held account with
your spouse named as beneficiary may seem like a small decision — but it can have meaningful
tax implications when an asset is passed on. In this video, Dustin Tibbitts, Wealth Advisor of
Jazz Wealth walks through how the step-up in basis works differently depending on account
titling,and why that distinction matters for surviving spouses.
The views expressed herein are those of the author and do not necessarily reflect the views of
Steward Partners or its affiliates. All opinions are subject to change without notice. Neither the
information provided, nor any opinion expressed constitutes a solicitation for the purchase or
sale of any security. All investing involves risk, including the potential loss of principal. Past
performance is not indicative of future results. Please consult with a qualified financial, legal, or
tax professional before making any financial decisions. Steward Partners, its affiliates, and its
Wealth Advisors do not provide tax advice.
This content is for informational and educational purposes only and should not be considered
tax, legal, estate planning, or investment advice or a recommendation. The tax treatment of
brokerage accounts, including step-up in basis rules, depends on factors such as account
ownership structure, state law (including community property considerations), titling, and
individual circumstances. Examples provided are simplified and for illustrative purposes only
and may not reflect actual outcomes. A full step-up in basis is not guaranteed in all situations,
including certain jointly owned accounts, and tax consequences may vary. Decisions regarding
account ownership, beneficiary designations, and transfer-on-death (TOD) arrangements should
be made in coordination with qualified tax and legal professionals.

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