Account Types and Registration: Rapid Fire

What this video covers

• Why JTWROS and TBE bypass probate while TIC and individual accounts get stuck in the estate
• How Transfer on Death (TOD) naming operates, why it defeats a will in every conflict, and that beneficiaries have zero rights while the owner lives
• What step-up in basis means for inherited securities, and the community property exception that resets both halves of a married couple's account
• Which two conditions together trigger pattern day trader status, and why the $25,000 equity minimum differs from the $50,000 risk-disclosure warning
• How day-trading buying power of 4x maintenance margin excess compares to standard 2x leverage, plus the consequences of missing a 5-day margin call
• Who initiates an Automated Customer Account Transfer (ACAT), how the 1-day validation and 3-day completion windows stack, and why customer retention is never a valid exception
• Why the trusted contact person (TCP) disclosure is mandatory for the firm even when the customer declines to name anyone, and which accounts are exempt