Which types of ownership are limited to spouses only?

The correct answer highlights the ownership types specifically designed for spouses, namely tenancy by the entirety and community property.

Tenancy by the entirety is a form of joint property ownership that is only available to married couples. It provides equal ownership of the property, protects against creditors of one spouse, and ensures that if one spouse passes away, the other automatically inherits the entire property. This ownership arrangement emphasizes the unity of marriage and offers unique legal protections not available in other forms of ownership.

Community property, on the other hand, is a legal concept that recognizes that all property acquired during marriage belongs equally to both spouses, regardless of who earned it. This principle is prevalent in certain jurisdictions and ensures that both parties have an equal claim to assets, promoting fairness in the event of divorce or death.

Options that include the combination of joint tenancy with either tenancy in common or simply joint tenancy overlook the specific constraints that these ownership types have regarding marital status. Joint tenancy can be held by any parties, not exclusively spouses, while tenancy in common is also available to any number of individuals with no restrictions regarding marital status.

Thus, both tenancy by the entirety and community property serve unique functions that are specifically tailored to married couples, making the combination of these two the appropriate choice.