by Legal Favor | Jul 6, 2022 | Estate Planning, Real Estate Law
Owning property wholly by yourself can be great, but it does carry with it some significant risks that you should be aware of. With sole ownership comes sole responsibility, which means that if something goes wrong, you’re on the hook to fix it yourself or pay someone...
by Legal Favor | Jul 6, 2022 | Estate Planning, Real Estate Law
Tenancy by entirety, also known as joint tenancy with right of survivorship, is an arrangement between two individuals or couples who want to own real estate as a single legal entity. This means that any property held in tenancy by entirety will pass automatically to...
by Legal Favor | Jul 6, 2022 | Estate Planning, Real Estate Law
A joint tenancy with right of survivorship (JTWROS) means that you and one or more other people own the property together as joint tenants with right of survivorship. When one tenant dies, the surviving tenants inherit the deceased tenant’s share of the property. With...
by Legal Favor | Jul 5, 2022 | Real Estate Law
A home is often the largest purchase people make in their lifetime, and it can be tough to decide whether to go it alone or with a partner. It’s not always easy to find someone who understands your priorities and lifestyle as well as you do, so choosing the right...
by Legal Favor | Jul 5, 2022 | Estate Planning, Real Estate Law
If you don’t know what tenancy in common (TIC) is, then it may be time to consider it as an option if you are purchasing real estate with one or more partners. In this article, we will explore what tenancy in common means and how it works within the legal framework of...
