How to Hold Title for Real Estate. What is Joint Tenants?

What does it mean to hold title as Joint Tenants?

There are several options when it comes to holding title for real estate. It's common to hear that you take title as sole and separate property, tenants in common or joint tenants. But what does it really mean when taking title as Joint Tenants?

It is very common for husband and wife or domestic partners to hold title as Joint Tenants. Holding a property as Joint Tenants means that if one of the owners dies, the remaining owner(s) acquire the share of the deceased owner automatically. This is known as rights of survivorship.

To find out the other ways to hold title*, please call us at 310-777-2858 or visit our website at http://www.sanbornteam.com/

*How you hold title is very important. Please consult your attorney and/or tax advisor.