Section 12 Virginia
| Library | Trust and Estate Legislation 2012 |
The first of these statutes to be enacted seems to be a Virginia statute, § 55-20.2, enacted in 2001 and entitled Tenants by the Entirety in Real and Personal Property; Certain Trusts, which provides as follows
Any property of a husband and wife that is held by them as tenants by the entireties and conveyed to their joint revocable or irrevocable trusts, or to their separate revocable or irrevocable trusts, shall have the same immunity from the claims of their separate creditors as it would if it had remained a tenancy by the entirety, so long as (i) they remain husband and wife, (ii) it...
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