Because real property is among the most valuable of assets, the question of how you take ownership of your property is of great importance. The form of ownership taken – the vesting of title – provides guidelines for how a property should be passed, should one or all of the property owners become deceased.
To understand how a Last Will and Testament or Trust can also be used in this scenario, please consult legal counsel.
Learn more about common forms of vesting titles or nuances in your state:
This article is part of the Home Buyer Guide.