Which of the following statements concerning ownership of property under a tenancy by the entirety is correct?

Which of the following statements concerning ownership of property under a tenancy by the entirety is correct?
A . One tenant can freely transfer his or her property interest to a third person.
B . It is a form of property ownership available only to married persons.
C . The property will be in the probate estate of the first joint tenant to die.
D . It is a form of property ownership that applies only to personal property.

View Answer

Answer: B