| law |
marital property (gconnell); community property (Black's Law Dictionary – Assets owned in common by husband and wife as a result of its having being acquired during the marriage by means other than an inheritance or a gift to one spouse, each spouse generally holding a one-half interest in the property. алешаBG); tenancy by the entirety (or tenancy by entireties • a tenancy in which husband and wife are seized of the whole estate but without power of severing – compare joint tenancy. WTNI. (plural tenancies by the entirety) (law) A type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. WT Alexander Demidov); tenancy by the entireties (A tenancy by the entirety (sometimes called a tenancy by the entireties) is a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. (In the State of Hawaii, the option of Tenants by the Entirety ownership is also available to domestic partners in a registered "Reciprocal Beneficiary Relationship"; Vermont's Civil Union statute qualifies parties to a civil union for tenancy by the entirety). Like a Joint Tenancy with Rights of Survivorship, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property is said to "ripen" in the survivor so that sole control of the property ripens, or passes in the ordinary sense, to the surviving spouse without going through probate. WK Alexander Demidov) |
