Ownership of real property by a married couple in Indiana is presumed to be which of the following?

In Indiana, when a married couple holds ownership of real property, the legal presumption is that they own the property as "tenants by the entirety." This form of ownership is specifically designed for married couples and has unique characteristics that distinguish it from other forms of joint ownership.

Tenancy by the entirety means that both spouses hold an equal and undivided interest in the property. This type of ownership includes a right of survivorship, which means that if one spouse passes away, the surviving spouse automatically inherits the deceased spouse's share of the property. This form of ownership provides protections against creditors as well; creditors of one spouse cannot seize the property to satisfy that spouse's debts as long as both spouses are alive.

The other types of ownership mentioned do not provide the same protections or features. For example, joint tenancy allows for equal ownership and a right of survivorship, but does not have the protections specific to married couples. Tenancy in common allows for ownership shares that may not be equal and does not confer the same right of survivorship. Community property is not applicable in Indiana, as it is a concept more commonly used in states that follow community property laws, which treat assets acquired during marriage differently than the laws in Indiana.

Thus, the pres