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LSDefine

Simple English definitions for legal terms

estate by entirety

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A quick definition of estate by entirety:

An estate by entirety is a type of property ownership that only applies to married couples. When a married couple buys property together, they both own an equal share of it. If one spouse dies, the other automatically gets their share without having to go through a legal process. This type of ownership also protects the property from creditors if only one spouse owes money. However, both spouses have to agree if they want to sell or transfer the property. If the couple gets divorced or both agree, the estate by entirety can be dissolved and the property ownership changes to tenants in common.

A more thorough explanation:

An estate by entirety, also known as tenancy by the entirety, is a type of property ownership that is only available to married couples. When a married couple purchases property together, they each have an equal and undivided interest in the joint property. This means that if one spouse dies, the surviving spouse automatically absorbs their interest without the need for a probate process. Additionally, creditors cannot attach liens on jointly owned property if the debt belongs to only one spouse.

For example, if John and Jane are married and purchase a house together as an estate by entirety, they each own 50% of the property. If John were to pass away, Jane would automatically become the sole owner of the property without having to go through probate.

However, there are some restrictions to estates by entirety. Even if one spouse contributes more money towards the property's purchase, they still own the property equally and undivided. This means that one spouse cannot grant their share in the property to an heir in a will, as the surviving spouse would automatically gain total ownership of the property. Additionally, one spouse cannot transfer their interest in the property without the approval of the other.

While estates by entirety share many features of a joint tenancy, they are dissolved more easily. They can be terminated by one spouse's death, divorce, or by the agreement of both spouses. At this point, the owners become tenants in common.

estate | estate planning

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JumpySubsequentDolphin
22:43
nobody wants to learn Arabic these days what’s up w that!!!
22:43
i want to perfect my knowledge of spanish and japanese before i learn more languages tho tbh. its already a huge jumble in my head and i get confused between the two languages these days
shaquilleoatmeal
22:43
astatie 'an 'atakalam lighatiki, walakin 'astatie 'an 'atahadath 'iilaa qalbik bishakl 'afdal 😉
22:44
having to tell customers they have to order two separate frappuccinos if they want me to layer them into one frappuccino (but in Spanish)
@JumpySubsequentDolphin: it's hard as shit to learn
I took Arabic for 6 years growing up and barely speak any now
JumpySubsequentDolphin
22:52
I’ll teach you tex
JumpySubsequentDolphin
22:53
I also speak the best dialect so you’re in good hands trust
which
@JumpySubsequentDolphin: I won't be a very good student :(
JumpySubsequentDolphin
22:55
@Sleepy-Sleuth: Levantine
JumpySubsequentDolphin
22:55
@texaslawhopefully: I believe in you
cool
(idk anything about arabic dialects lmao)
@JumpySubsequentDolphin: I appreciate the vote of confidence
JumpySubsequentDolphin
22:58
@shaquilleoatmeal: I HAAATE JABID
shaquilleoatmeal
23:03
Lmaooo why that song is mad catchy
JumpySubsequentDolphin
23:04
they’re so icky
JumpySubsequentDolphin
23:04
mahrajan shabab falastin - such a weird song
shaquilleoatmeal
23:04
Duly noted 🫡
shaquilleoatmeal
23:05
Put me on some good music then
23:06
How does that video have 290M views it looks like it was shot on a budget of $2 and a bottle of Coke
shaquilleoatmeal
23:07
Do you listen to saint levant? That’s a dude who can speak 5 languages lmao
shaquilleoatmeal
23:07
lol back in the day that’s how videos were made and it was pure gold
23:08
Levantine truly is the best one day I’ll find the will to learn Arabic and I’ll go with Levantine
23:10
my friend from college learned arabic and she became fluent and spent a semester doing independent study in jordan. i thought that was cool
JumpySubsequentDolphin
23:11
@shaquilleoatmeal: wea’youneha by sana moussa is the song i have reserved for my wedding
JumpySubsequentDolphin
23:12
@shaquilleoatmeal: he’s a douche but his music can be fairly catchy
JumpySubsequentDolphin
23:12
@renard99: yes I’m loving the Levantine love!! and @eggan v cool Amman is one of my fave places
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