A married couple co-owns a farm with the right of survivorship. This arrangement is most likely

In Indiana, a married couple co-owning a farm with the right of survivorship suggests that they hold the property as an estate by the entirety. This form of ownership is specifically designed for married couples and allows them to have equal and undivided interests in the property. If one spouse passes away, the survivor automatically inherits the deceased spouse's share of the property, ensuring that the property does not go through probate and simplifying the transfer of ownership.

This form of ownership also provides certain protections, such as shielding the property from the individual debts of either spouse. This protection helps maintain the integrity of the property for the surviving spouse. In contrast, severalty ownership pertains to sole ownership, community property refers to property acquired during marriage but treated equally between spouses without survivorship, and tenancy in common allows for undivided interests but does not automatically transfer ownership upon death.