Which type of property arrangement allows either spouse to have ownership even if the other spouse dies?

Tenancy by the entirety is a unique form of property ownership specifically designed for married couples. It ensures that both spouses have equal rights to the property, and importantly, it includes the right of survivorship. This means that if one spouse passes away, their ownership interest in the property automatically transfers to the surviving spouse, without needing to go through probate.

This arrangement not only provides a level of protection for the couple's shared property but also simplifies the transfer of ownership upon the death of one partner. In contrast, other arrangements, such as community property or joint tenancy, may have different implications for ownership distribution and survivorship rights. For instance, community property typically involves equal ownership but does not automatically transfer ownership upon death in the same way. Therefore, tenancy by the entirety is advantageous for married couples wanting to ensure clear and seamless ownership rights in the event one spouse dies.