Be Aware Of Spousal Guaranties In Pa. Entireties Properties

Law360, New York (May 18, 2015, 3:24 PM EDT) -- The Commonwealth of Pennsylvania is one of many jurisdictions in the United States that recognizes a concept known as or similar to "tenancy by the entireties." This refers to a form of property ownership unique to married couples. In Pennsylvania, it has been described succinctly as "a form of co-ownership in real and personal property held by a husband and wife with right of survivorship ... its essential characteristic is that each spouse is seized per tout et non per my, i.e., of the whole or the entirety and not of a share, moiety or divisible part."[1]...

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