Re: [tips_and_tricks] tennans by the entireties
- Missouri and other states have tennants by the entireties laws
If you buy a car or real estate or stocks in the name
of john Doe and Mary Doe, his wife, the vesting then,
is tennants by the entireties. The IRS could not sieze
my home because they had no claim against my wife.
If I or she owned the property before marriage,
it would not be vested in tennants by the entireties
unless we deeded to ourselves in this vesting.
If one of us died, the survivor has full ownership
but it is no longer tenants by the entireties as
this vesting is only for married people.
see a lawyer.
Oh, I knew a prosperous man who died and his death
was not published, possibly because he had a law
suit pending against another man. I would never had
known if one of his employees had not called me.