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HB 2050 Tenancy; severance by the entireties by written instrument.
SUMMARY AS PASSED HOUSE: (all summaries)
Severance of tenancy by the entireties by written instrument. Clarifies that a husband and wife may own real or personal property as tenants by the entirety for as long as they are married. The bill provides that, in order to sever a tenancy by the entireties by written instrument, the instrument must be a deed that is signed by both spouses as grantors of the property. This bill is in response to Evans v. Evans, Record No. 141277, 772 S.E.2d 576, 2015 Va. LEXIS 84 (2015), and, as introduced, was a recommendation of the Boyd-Graves Conference.