TYPES OF ACCOUNT - DESCRIPTION

Individual - The account is held in the individual's name and is subject to their sole control. The individual account holder can deposit and withdraw funds, buy and sell investments, and monitor their portfolio performance.

Joint - Tenants with Right of Survivorship - In Joint Tenancy with Right of Survivorship, if one owner dies, their share automatically passes to the surviving owner or owners. This means that the surviving owner(s) inherit the deceased owner’s share of the property. This type of ownership structure ensures that the property passes seamlessly to the surviving owner without having to go through probate.

Tenants in Common - in a Tenancy in Common arrangement, each owner has a distinct share of the property. If one owner dies, their share does not automatically pass to the other owner(s). Instead, it becomes part of their estate and is distributed according to their will or intestacy laws. By default, each tenant in common owns an equal share (50/50), unless otherwise specified in legal documents.

Other - For any other specific requirements or documents related to property ownership and transfer, it is advisable to contact Okane Matsu Securities Limited for further information. They can provide guidance on additional documents that may be needed for your application and inform you about any specific restrictions that could apply.