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Statutory Tenancy By the Entirety Trust (STET)

According to Steve Leimberg,  Delaware has recently passed laws allowing a new type of asset protection trust — a tenancy by the entirety trust (STET).  Tenancy by the entirety (T by E)  is a form of property owership that can exist between spouses in the states that allow it.  T by E can protect certain types of property from future creditors.  But T by E can fail in the event of an untimely death of one spouse or divorce.  This new developement could provide a new weapon in an estate planner’s arsenal.  I’ll tell you more when I know more about it.

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