Property Ownership
A Kentucky couple purchases a home as husband and wife. Their deed reads 'John Smith and Mary Smith, husband and wife.' Under Kentucky law, this creates a:
AJoint tenancy with right of survivorship
BTenancy by the entirety✓ Correct
CTenancy in common with equal shares
DCommunity property ownership
Explanation
In Kentucky, when a deed conveys property to a married couple as husband and wife, it creates a tenancy by the entirety. This form of ownership includes the right of survivorship and provides protection against creditors of only one spouse.
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