Ways To Hold Title

Title+Chart
  1. "Persons" includes a natural person as well as validly formed corporation, limited partnership, limited liability company or general partnership. Trust property is vested in the trustee.
  2. Transfers by spouses/domestic partners may require a quitclaim deed from the other spouse/partner for title insurance purposes.
  3. If co-owners are spouses/domestic partners, property may be subject to legal presumption of "community property" requiring consent of both spouses/partners to convey or encumber title notwithstanding vesting as "joint tenancy".

 

This is provided for general information only. For specific questions or financial, tax or estate planning guidance, we suggest you contact an attorney or certified public accountant.