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Trust Glossary

Tenancy by the Entirety - A form of ownership of jointly held property in common law states such that:
  • Co-owners are a married couple
  • Upon the death of either, his/her interest in the property passes to the surviving spouse.

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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