tenancy by the entirety

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Tenancy by the Entirety

The joint ownership of a property with rights of survivorship. In other words, a property with tenancy by the entirety does not become part of a decedent's estate; rather, the other tenants continue to own the property. Couples may be tenants by entirety on a jointly-owned house, for example. Likewise, two business partners may be tenants by entirety on a business property: if two persons own an apartment complex and one of them dies, the whole of the complex belongs to the co-owner and not the decedent's heirs. It is important to note, however, that the decedent's liabilities may remain attached to this property and may be used to pay off creditors, even if the creditor had nothing to do with the property in question.

tenancy by the entirety

A type of asset ownership limited to married couples in which each spouse holds an equal share of the asset but neither may sell or give away an interest without the other's permission. If one spouse dies, the deceased's share automatically passes to the surviving spouse. Compare tenancy in common.
References in periodicals archive ?
There are nuances to TBE ownership and its protections as it relates to comprehensive estate planning, so it's best to consult with your attorney to determine if assets should be retitled," said Bailey.
Step 2: For each honest recommendation, calculate its credibility by the use of fuzzy logic to the E, TBE, SS to.
After neurologic and psychiatric consultations, chorea in the course of TBE was diagnosed.
The Development of TBE Property: Married Women Could Not Hold Property Individually--Tenancy by the entirety took form in the 14th century and the feudal system also played a role in its development as a married woman could not hold property in her individual name.
As the symptoms of both TBE and Lyme disease are easily confused with those of other, more common diseases, it is important to document any actual or suspected tick bites, and to mention any visits to tick-infested areas when visiting a medical professional for treatment of such symptoms.
TBE incubation is between eight and 14 days, after which the onset of symptoms is sudden and may consist of fever, severe headache, nausea and photophobia.
1980) (statutory protection of entireties property from individual debts can be trumped by a finding of intent not to hold the account in a TBE status remanding case for a determination of the depositors' intent); McGuire v.
With employees in 47 locations, TBE Group needed more than a payroll service bureau and separate in-house HR system could deliver, so the TBE team sought an integrated solution with recruitment-through-retirement functionality.
Similar to other flavivirus infections, only a subset of TBE virus infections leads to neurologic diseases such as meningitis, encephalitis, encephalomyelitis, and radiculitis (12).
He has been with TBE since 2000 and is responsible for marketing and project management of TBE's water and wastewater services.
VIENNA, Austria, January 25 /PRNewswire/ -- The importance of TBE has increased in Europe in the last 30 years.