Which form of ownership is traditionally available only to a legally married couple and generally treats the spouses as one ownership unit with survivorship rights?
Correct Answer
C) Tenancy by the entirety
Tenancy by the entirety is the marital estate traditionally available only to spouses. It generally includes survivorship and reflects the historic concept that the spouses hold title as one legal unit.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
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