Summary: When a married couple hold a house as tenants by the entirety, it means that the spouse inherits the other spouse's share of the property when he or she passes away. It's like being joint tenants with rights of survivorship. The house is the surviving spouse's to keep or to sell.
Q: My parents had a house which they held as tenants by the entirety. A clause in the deed states "To have and to hold the premises herby granted upon the Grantees as Tenants by the Entirety (and not at tenants in common), their and the survivor of them, heirs and assigns, in Fee Simple, forever."
My mother passed away in 1984. I want to know what benefits or rights, if any, I will receive by being her only child, if my father wants to sell the house or anything. All your help is greatly appreciated.
A: Probably none. Tenancy by the entirety means that your father inherited your mother's share of the property when she passed away. It's like being joint tenants with rights of survivorship. The house is your father's to keep or to sell.
For more details, please consult a local real estate attorney.
Published: Jun 6, 2007
See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.
We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.
© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.
Additional Topics
(View All Topics)consumer advice credit estate planning home buying ilyce glink mortgage mortgage lenders mortgage loan personal finance advice real estate real estate advice real estate agent refinance mortgage selling taxes









Comments
No comments have been posted.