Amy and Lance are newlyweds.This is Lance's second marriage.Because of problems that occurred before his divorce (his ex-wife took all the money out of their joint accounts),he is more cautious than most about setting up joint accounts.Which type of account would you recommend for Amy and Lance?
A)Tenancy by the entirety
B)Tenancy in common
C)Trustee account
D)Joint tenancy account with right of survivorship

Question

Quizplus · Accepted Answer

Tenancy by the entirety is specifically designed for married couples and offers protection against creditors of one spouse, which can provide the security Lance is seeking after his previous experience.

Amy and Lance Are Newlyweds