A will is a legal document that determines what happens to your property and assets when you die. In many cases, it names an executor to carry out your wishes after you pass away, too. If you don’t...
Your Guide to Living Trusts: What They Are and How They Work
A living trust is a legal arrangement that allows you to hold your property in trust and thus avoid probate if you die. Probate can be an expensive, time-consuming process that delays the transfer...
What is Probate in Real Estate? The Basics of Probate and How it Works
For most people, the idea of probate real estate makes them shudder in fear. If this sounds like you, then you’re not alone; many people think of probate in real estate as a process that’s slow and...
What You Need to Know About Sole Ownership in Real Estate
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...
What is Tenancy by Entirety? Everything You Need to Know
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...
Explained: Joint Tenants with Right of Survivorship
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...
What is Tenancy in Common and How Does It Work?
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...