Tenants by the Entirety | Michigan Asset Protection

Tenants by the Entirety or Tenancy by the Entireties is a form of Michigan ownership that is common for real estate.  It means that each spouse has an undividable right to use the whole property.  A creditor cannot for the sale of either spouses interest because to do so would affect the other spouse’s enjoyment of the whole property.

This is an advantage in Michigan because the marital residence can be protected from many creditors.  However, keep in mind, that that tenants by the entirety does not shield the residence from joint creditors.  In other words, if one spouse is sued, the house can remain protected.  If both spouses are sued, the house may not be protected.

-Christopher J. Berry, Esq.
Michigan Asset Protection Attorney