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What is Tenants by the Entirety?

April 26, 2017entirety tenants

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What is Tenants by the Entirety?

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Tenancy by the Entirety is a form of ownership of property for married couples. In states that recognize this form of ownership, the rules for acquiring property as tenants by the entirety differ. Depending on your state, owning property (such as your residence) as tenants by the entirety may protect the equity in the property from creditors of only one spouse.