<prompt> Human: My wife and I want to open up a joint checking account. We live together and have been married for about a year. I had a few questions of a financialtax nature when it comes to estate planning and taxes. I make roughly 2x-3x what my wife makes in a given year depends on the year. We filed separately last tax year, but will most likely file jointly this tax year because she is not working and we now have a dependant.Here are my options with a joint account:-- Joint Tenant With Rights of Survivorship - Your share of theaccount will pass to the surviving owners in the event of yourdeath.-- Tenants in Common - A two tenant account where your share of theaccount will pass to your estate in the event of your death.1. Are any advantagesdisadvantages financial or legal -- though I totally understand this is not a legal forum for either of us with the above options in the event that there is aseparationdivorce?2. More importantly, in the event of death, are there anyfederal or state tax advantagesdisadvantages to:a either of us who would survive the otherb the person handling the estate if we are both dead3. Anything else I am not thinking of?  <response>: Think you are over thinking this, its just a checking account. I would just go joint 