Asked by Cassie Trucchio on May 26, 2024
Verified
A tenancy by the entireties, created only by a conveyance to a husband and wife, is terminated by divorce.
Tenancy by the Entireties
A form of joint property ownership exclusive to married couples, offering protections against creditors and automatic survivorship rights.
Conveyance
The act of transferring ownership of real property from one person to another.
Divorce
The legal dissolution of a marriage by a court or other competent body.
- Grasp the concept of concurrent property ownership and the distinctions between its types.
Verified Answer
SS
Sharanpreet SinghMay 28, 2024
Final Answer :
True
Explanation :
A tenancy by the entirety, which is a form of joint property ownership available only to married couples, is automatically terminated upon the divorce of the couple, as the unique conditions that define this form of ownership (namely, the marriage) no longer exist.
Learning Objectives
- Grasp the concept of concurrent property ownership and the distinctions between its types.