JTWROS - Property held in JTWROS is shared by several owners. Control, ownership, and enjoyment of the property are shared equally by all the joint tenants. Income from income-producing property is split equally among all joint tenants. The distinguishing feature of joint tenancy is its survivorship feature. Upon the death of each tenant, the property immediately passes to the surviving joint tenants in equal shares. This means the property is not controlled by the terms of a will and will be excluded from the probate estate.
T/B/E - Ownership can only be held by a husband and wife. Control, ownership, and enjoyment of the property are shared equally by both of the joint tenants. The distinguishing feature is that the property is protected from the claims of each spouse's joint creditors. At death the property passes automatically to the surviving spouse. Not all states permit this type of ownership, the only states that allow Ten/By/Entry accounts are AR, DE, DC, FL, HI, IL, IN*, KY, MD, MA, MI*, MN, MI, MO, NE, NH, NJ*, OK, PA, RI, TN, VT, VA, WY*.
*Not all of these jurisdictions recognize a tenancy by the entirety in personal property. The tenancy does not exist generally in personal property.
TIC - Property can be owned by several owners simultaneously. Each owns an undivided interest in the property and is entitled to a division of income from income-producing property according to their respective interest. Owners are free to transfer their respective shares of the property to other individuals. There are no survivorship rights, and the interest of a deceased owner will pass through their probate estate.