How To Take Title to Protect Your Real Estate Investment
When buying or investing in Florida real property, it is important to know that there are various ways in which to take the title. Each one has its pros and cons depending on the buyer’s goals, and their asset and liability protection needs. Also, depending on how the title is taken, a property may have to go through the probate process when the owner passes away.
Some of the different ownership methods that we will discuss (including the liability, estate planning, and asset protection implications), are:
– Single ownership
– Life Estates
– Tenancies in Common
– Joint Tenancies with Rights of Survivorship
– Tenancies by the Entireties
– Corporate Entities (LLC, corporation, etc.)
– Trusts (revocable living trust, land trust, etc.)
Email Romy@juradolawfirm.com or call (305) 921-0976 if you have any questions.