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Tenants in Common, Tenancy by Entirety

Pros & Cons of Tenants in Common / Tenancy by Entirety

Many people have the false conception that they will be able to get solid asset protection if they co-own property. Some of the common ownership types include joint tenancy, tenants in common, and tenancy by the entirety. While these can offer some benefits, these methods of ownership will not offer solid asset protection; and actually may make it worse.

What is a Tenants in Common?