What is the primary benefit of owning property as tenants by the entirety?

Owning property as tenants by the entirety is a special form of joint ownership that is typically available only to married couples. The primary benefit of this ownership arrangement is the automatic transfer of ownership to the surviving spouse upon the death of one spouse. This is known as the right of survivorship, which ensures that the deceased spouse's share of the property instantly passes to the surviving spouse without the need for probate.

This arrangement not only simplifies the transition of property ownership but also provides a measure of security and peace of mind for both spouses. In the event of death, the surviving spouse retains full ownership and control over the property, ensuring that their shared home or investment remains intact within the family without legal complications.

The other options, while they may present relevant considerations in the context of property ownership, do not capture the most critical aspect of tenants by the entirety, which is the seamless transfer of ownership between spouses.