Which term describes an estate shared between a husband and wife, giving the survivor full possession upon the other's death?

The term that best describes an estate shared between a husband and wife, granting the surviving spouse full possession upon the death of the other, is "Tenancy By The Entirety." This form of ownership is specifically designed for married couples and offers unique legal protections and benefits. In Tenancy By The Entirety, both spouses have an equal and undivided interest in the property, and importantly, it includes a right of survivorship. This means that if one spouse passes away, the surviving spouse automatically inherits full ownership of the property without it going through probate.

This arrangement not only simplifies the process of transferring property upon death but also protects the property from creditors of one spouse, as the estate cannot be sold or encumbered without the consent of both parties. It serves as an effective way for married couples to hold and manage their shared assets.

Other forms of property ownership listed, like Joint Tenancy and Tenancy in Common, do not specifically cater to married couples nor offer the same legal protections. Joint Tenancy allows for survivorship but doesn't provide the same level of protection against creditors as Tenancy By The Entirety. Community Property refers to a system where marital property is owned jointly, but it does not automatically grant full possession to the surviving spouse