Tenants by the entirety is a form of joint property ownership that is typically reserved for married couples. In this arrangement, both spouses have an equal and undivided interest in the property.

One of the key features of this type of ownership is the right of survivorship, meaning that if one spouse dies, the other automatically inherits the entire property, bypassing the need for probate. Another significant aspect is the strong protection against creditors; in most cases, creditors of one spouse cannot claim the property held as tenants by the entirety, unless the debt is joint.

Florida asset protection attorneys Jon Alper and Gideon Alper, part of Alper Law