Margaret and her husband David own their primary residence in Burlington, Vermont as tenants by the entirety. David passes away unexpectedly. What happens to David's interest in the property?
Correct Answer
C) David's interest automatically vests in Margaret as the surviving spouse.
Tenancy by the entirety is a form of joint ownership available only to married couples under Vermont law. It carries an automatic right of survivorship: upon the death of one spouse, that spouse's interest passes immediately and automatically to the surviving spouse by operation of law. No probate is required, and the interest does not pass through the deceased spouse's estate.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
Riparian rights concern properties bordering flowing bodies of water (rivers, streams), while littoral rights concern properties bordering non-flowing bodies of water (lakes, oceans).
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