What is the form of ownership for married couples that includes automatic survivorship rights?

The appropriate form of ownership for married couples that includes automatic survivorship rights is known as Tenancy by the entirety. This ownership structure is specifically designed for married couples and provides several advantages, including the right of survivorship, which means that if one spouse passes away, their interest in the property automatically transfers to the surviving spouse without the need for probate.

In addition to survivorship rights, tenancy by the entirety protects the property from the creditors of one spouse; creditors of only one spouse cannot claim the property to satisfy individual debts. This form of ownership is characterized by the unity of possession, interest, time, and title, which are essential elements reinforcing joint ownership between spouses.

Other forms of ownership, such as tenancy in common, do not provide automatic survivorship rights and allow owners to pass their share to heirs upon death, leading to potential disputes among heirs. Tenancy by five unities and tenancy by union are not recognized legal terms in real estate law. Thus, Tenancy by the entirety is uniquely tailored for married couples, highlighting the importance of survivorship rights and protection in property ownership.