When the couple agrees to sell the property As mentioned above, a tenancy by the entirety creates a right of survivorship. In other words, when one spouse dies, that person's share in the property is automatically transferred to the surviving spouse. This eliminates the need forprobate.2 ...
The total of all these assets is known as your "gross estate."1 The fair market value of your assets is not necessarily what you paid for them. Instead, it's what they are worth at the time of your death. The executor or administrator of the estate can also elect to have everything...