Legal Question in Wills and Trusts in New Jersey

Tenants In Common vs Tenants by Entireties

In NJ does account ownership for husband and wife default to Tenants by Entireties? Can they own an account as Tenants in Common?


Asked on 10/12/01, 9:36 am

1 Answer from Attorneys
Steven Tarta Steven Wayne Tarta, Attorney At Law

Re: Tenants In Common vs Tenants by Entireties

Tenants by the entirety is a restricted form of ownership only available to married couples. However, a married couple is not restricted to this form of ownership and can transfer or "roll over" to tenants in common by a new deed etc.

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Answered on 11/23/01, 1:11 pm


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