Tenancy by entirety is a form of ownership by husband and wife whereby each owns the entire
property. Neither spouse can deal with the property without the consent of the other. One main
benefit is that the creditors of one spouse cannot enforce against the property held in tenancy by
entirety unless the non-debtor spouse dies first. In the event of death of one spouse, the survivor
owns the entire property without the need for probate. However, it will be difficult to transfer the
property if one spouse disappears or becomes incompetent since the other spouse cannot
unilaterally sever tenancy by entirety.
