Property Ownership

When Vermont spouses hold title as tenants by the entirety, what happens to their shares upon divorce?

AThe property automatically transfers to the wife
BThe tenancy by the entirety converts to a tenancy in common✓ Correct
CThe property must be sold at public auction
DThe husband retains the property as separate owner

Explanation

Tenancy by the entirety exists only between married spouses. Upon divorce, the tenancy by the entirety is severed and converts to a tenancy in common, with each former spouse owning an undivided one-half interest.

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