Joint Account Information
A great option for family members or business partners, an account owned jointly with rights of survivorship gives individual owners equal access to and responsibility for funds — along with rights of survivorship should another account owner die. For example, if two business partners own a joint account and one dies, the money in the account belongs to the other partner. That's important because it eliminates questions about ownership of the account and helps prevent the funds from being tied up in probate court.
Important Joint Account Information
- A joint account can be owned by two or more people, usually family members or business partners.
- Joint account owners should be identified as "joint tenants with rights of survivorship."
- Joint account owners act together to make changes to the account, and any owner can access its funds.
- If one joint account owner dies, the other owner(s) will have uninterrupted access to funds.
- Due to differences in state law, State Farm® is not able to establish joint tenants with rights of survivorship accounts for Louisiana residents.
Opening Your Joint Mutual Fund Account
Your registered State Farm agent can help explain your options to you, assist in setting up your joint account with State Farm Mutual Funds®, help you establish the right investment strategy, and answer general questions you and your advisers may have. Or you can get started online right now by:
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Investing involves risk, including potential for loss.
Not FDIC Insured
- No Bank Guarantee
- May Lose Value