Estate by entirety
Term · Law · MLC-T-LAW-001921
A form of concurrent property ownership available only to married couples, where each spouse owns an undivided interest in the entire property. This type of ownership includes a right of survivorship, meaning that upon the death of one spouse, the surviving spouse automatically inherits the entire property. It also provides protection against creditors of only one spouse.
| Identifier | MLC-T-LAW-001921 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001921",
"term": "Estate by entirety",
"field": "Law",
"definition": "A form of concurrent property ownership available only to married couples, where each spouse owns an undivided interest in the entire property. This type of ownership includes a right of survivorship, meaning that upon the death of one spouse, the surviving spouse automatically inherits the entire property. It also provides protection against creditors of only one spouse.",
"url": "https://mlchart.com/terminology/law/estate-by-entirety/"
}
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