An estate that is held by husband and wife is called:

In Michigan, an estate held by a husband and wife is referred to as Tenancy by the Entireties. This form of ownership is unique to married couples and offers certain legal advantages, such as protection from creditors of one spouse and automatic rights of survivorship. This means that if one spouse passes away, the surviving spouse automatically receives full ownership of the property without the need for probate.

Tenancy by the Entireties requires the presence of both spouses as equal co-owners, and this type of ownership is not available to unmarried partners or individuals. This distinction emphasizes the legal solidarity and integration of the marital relationship within property ownership.

The other options, while related to property ownership, do not specifically pertain to married couples in the same way. Joint Tenancy, for example, involves multiple owners but is not restricted to marital pairs and allows for individual rights to sever the interest. Tenancy in Common permits co-ownership without rights of survivorship, which means that upon one owner's death, their share can be passed to heirs rather than the remaining co-owners. Community Property is a marital property system recognized in some states where assets acquired during the marriage are owned jointly by both spouses, but this is not applicable under Michigan law.