easy · Certified Financial Planner Estate Planning
Bishop owns an investment property as 'Tenancy by the Entirety' with his spouse.
What is a unique legal protection often afforded to this titling that is NOT available in a standard Joint Tenancy (JTWROS)?
- Protection from the creditors of one spouse (in many states).
- A full double step-up in basis regardless of state law.
- The ability for one spouse to sell their half without the other's consent.
- Automatic exclusion from the federal gross estate at the first death.
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