GLOSSARY · TAX & ESTATE
Tenancy by the entirety
A form of joint ownership available only to married couples in about half the states, under which the couple is treated as a single owner. A creditor of only one spouse generally cannot reach the property, though joint debts and federal tax liens can. Protection ends at divorce or when the first spouse dies.
Also called: TBE, tenants by the entirety, entireties property
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SOURCES
- United States v. Craft, 535 U.S. 274. Supreme Court of the United States, 2002.