Importance of Understanding Living Trust
By Veronica Cabrera
June, 21 2012
Knowing how to hold title when a person buys a property is very important.
This could help you avoid future problems in case something unexpected happens.
It is one of the most important things for a buyer to know.
There are different ways of holding title:
- Single Man or Woman
- A Married Man or Woman as His or Her Sole And Separate Property
- A Register Domestic Partner as His or Her Sole and Separate Property
- Community Property
- Community Property with Rights of Survivorship
- Joint Tenancy
- Tenancy in Community
How do we know what is the difference and what is best?
It is not the job of a realtor or escrow officer to decide or advise the buyer
because we are not attorneys and can not give legal advise.
It is not the job of a realtor or escrow officer to decide or advise the buyer
because we are not attorneys and can not give legal advise.
For me, as real estate representative of a buyer, it is crucial to make sure that my buyers are well informed. I like to recommend my clients to the professionals. I have my list of professional contacts who are willing to work with me and my clients to help them understand the difference in order to make the right decision.
Veronica Cabrera, Realtor
Huntington Beach, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140
