If the Smiths want to open a joint account at AAA Securities Corporation and have their securities transferred to their three daughters upon the death of the last surviving account holder, their agent should recommend that the Smiths open:
A) a joint tenancy account with right of survivorship.
B) a joint tenancy account with right of survivorship and execute a transfer on death (TOD) registration form.
C) individual accounts in the name of each daughter.
D) a tenants in common account.
Answer: B) a joint tenancy account with right of survivorship and execute a transfer on death (TOD) registration form.