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Tenants by Entirety Question

The last post in this topic was posted 4049 days ago. 

 

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Anyone know anything about judgments and the term 'tenants by entirety'? We're in PA and I was wondering how/if this could affect a judgment on property such as vehicles and/or a home.

 

Thanks!

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Some states that allow tenancy by the entirety require specific paperwork showing that is the manner an asset is held. You would do well to consult with a local att'y who could advise on specifics.

 

Tenancy by the entirety allows both spouses to own a 100% equal and indivisible share of certain assets. That means a creditor could place a lien against such property, but the lien would not be actionable until the other spouses interest in the property is severed by death, divorce or some other means.

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Some states that allow tenancy by the entirety require specific paperwork showing that is the manner an asset is held. You would do well to consult with a local att'y who could advise on specifics.

 

Tenancy by the entirety allows both spouses to own a 100% equal and indivisible share of certain assets. That means a creditor could place a lien against such property, but the lien would not be actionable until the other spouses interest in the property is severed by death, divorce or some other means.

 

 

Thanks... that's what I was wondering... couldn't find anything about paperwork being necessary - I was wondering if it was something taken for granted by having 2 names (husband/wife) on a document or if something had to be drawn up.

 

Also... anyone know if car/motorcycles are used in judgments? Like if you have a newer vehicle that is paid for - can they put a lien on that vehicle??

 

Thanks,

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