Sentences with phrase «spouse holds title»

Not exact matches

CDs: Hold property in joint tenancy with right of survivorship (or as tenancy by the entirety if owners are spouses), transfer title to a revocable living trust, or name a payable - on - death beneficiary.

Money Market Accounts: Hold property in joint tenancy with right of survivorship (or as tenancy by the entirety if owners are spouses), transfer title to a revocable living trust, or name a payable - on - death beneficiary.

The court can apportion all property owned by either or both spouses, regardless of how title is held and when or how it was acquired.

In Pennsylvania, as in most states, property that is titled jointly in the names of spouses is held as entireties property.

Marital property is typically anything you and your spouse acquire after the date of your wedding, regardless of which of you holds title.

A common reference to either: a) real property that names a co-owner (s) on the deed or title that retain undivided ownership of the property in the event of death of another co-owner; or b) real or personal property mutually held together by both spouses.

The term «marital property» shall mean all property acquired by either or both spouses during the marriage and before the execution of a separation agreement or the commencement of a matrimonial action, regardless of the form in which title is held, except as otherwise provided in agreement pursuant to subdivision three of this part.

If one spouse dies, the surviving spouse would hold title to the property as a trustee.