0
States that allow couples to own property through "tenancy by the entirety," a type of joint ownership that offers protection form creditors. States that allow tenancy by entirety: Alaska Arkansas Delaware District of Columbia Florida Hawaii Maryland Massachusetts Mississippi Missouri New Jersey Mississippi Oklahoma Pennsylvania Rhode Island Tennessee Vermont Virginia Tennessee Wyoming States that allow tenancy by entirety for real estate only: Illinois Indiana Kentucky Michigan New York North Carolina Oregon * No, Louisiana is a community property state. FYI, Holding any property as TBE is only available to married couples.
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Jordan
ReneAdd your answer:
Earn +20 pts
Does Montana recognize tenancy by entirety?
Montana does not recognize tenancy by the entirety.
Can a joint bank account held as tenancy by the entirety be levied in NJ?
Can a brokerage account that holds assets be registered Tenants in Entirety.
How many states and Washington DC have some type of tenancy by the entirety property interest?
== ==
What is a tbyE trust?
Tenancy by the entirety is a form of co-ownership of real property that is reserved for legally married people. In a T by E, when one owner dies the other automatically owns the property and there is no need for probate. A tenancy by the entirety is not a trust.
Can a joint marital bank account be garnished?
Yes. The very rare exception is if the married couple reside in a state that allows the account to be held as Tenancy By The Entirety and only one spouse is the debtor.
