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Related to tenancy by the entirety: Joint tenancy, tenancy in common
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References in periodicals archive ?
47) Any conveyance of land to husband and wife was a conveyance in tenancy by the entirety.
The Florida trust code does not specifically address tenancy by the entirety property interests in trusts, nor does it appear that the Florida trust code intended to modify the common law relating to the ownership of TBE property by a trust.
Act led to abolition of the tenancy by the entirety estate altogether.
Creditors of only one spouse may obtain judgments, but they generally may not foreclose upon property that the debtor spouse holds in tenancy by the entirety.
159) Such married debtors "continue to benefit from the double protection of both the homestead and the tenancy by the entirety creditor exemption.
effect of unilateral transfers on tenancy by the entirety in various
79, a banking statute, was modified in 2008 to include the statement: "Any deposit or account made in the name of two persons who are husband and wife shall be considered a tenancy by the entirety unless otherwise specified in writing.
Generally, a tenancy by the entirety cannot be terminated or severed unless both co-tenants agree to the severance.
Some states provide that tenancy by the entirety property is immune from creditors of a husband or wife (but not of both).
Based upon Planas, and because the act is silent as to tenancy by the entirety protection, it appears that the entirety exemption will continue to protect a homestead if the judgment is only against one spouse.
6321 on "all property and rights to property" of a delinquent taxpayer attaches to the taxpayer's rights in property held as a tenancy by the entirety (TE), even though Michigan law insulates such property from the claims of creditors of only one spouse.
Co-ownership of property has four possible forms: tenancy in common, joint tenancy, tenancy by the entirety and community property ownership.