14 Apr 2017

How Will You Hold Title?

Before shopping for homes, it’s important to consider how you will hold title on the property you purchase. Various title options have differing legal and tax implications that will affect you and future generations. The five most common ways to hold title are sole ownership, tenants in common, joint tenancy with right of survivorship, community property (in applicable states such as California), and in a living trust. Below, we summarize each option: Sole ownership means that