In Pennsylvania and with most states, assets owned by married couples have their own recognized form of ownership; namely, tenancy by the entireties.

Under this form of ownership, one spouse cannot encumber any portion of the property without the permission of the other spouse. This legal characteristic causes particular grief to judgment creditors who have a judgment against one spouse but not the other one. If, for instance, the judgment is only against one spouse but not the other, and the married couple maintains all of their assets in their names jointly, the judgment creditor has no recourse in executing upon the judgment.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]