What is a common feature of Tenancy by the Entirety?

Tenancy by the Entirety is a form of joint property ownership that is specifically available to married couples. A defining characteristic of this ownership structure is that it allows the property to pass directly to the surviving spouse upon the death of one spouse, effectively bypassing the probate process. This is advantageous for couples as it can lead to a quicker transfer of assets without the delays and costs associated with probate.

In contrast to other forms of ownership, such as Tenancy in Common or Joint Tenancy, Tenancy by the Entirety emphasizes the unity of marriage and safeguards the property from claims by individual creditors of either spouse. Thus, this feature can provide additional financial protection and stability for a couple's jointly held assets.

Other possible features like partial ownership or equal contributions do not apply specifically to Tenancy by the Entirety. This ownership style inherently assumes complete ownership by both spouses as a single entity, rather than allowing for fractional or partial ownership stakes. It's also distinct from community property rules, as it has unique legal implications concerning ownership and inheritance that differ from community property arrangements, which are dependent on the marital laws of certain states.