Understanding Property Titles and Ownership Methods with Stephen Theard

In this episode of "The Real Estate Connection", your host, Stephen Theard, a certified probate and real estate specialist, unpacks the complex world of property titles and different methods of owning real estate. Stephen highlights the significance and intricacies of how titles work, which can greatly impact future rights of involved parties.

You'll learn practical advice on why determining the manner of title holding is imperative and when it's advisable to consult with a legal counsel for the most beneficial ownership form. Get insights into common methods of holding titles, like sole ownership and co-ownership, including understanding the concept of title vesting for taxes, transferability of title, and exposure to creditor's claims.

Stephen's discussion extends from community property to joint tenancy, tenancy in common and beyond. Hear our host simplify complex real estate jargon and provide clear examples illustrating the differences, advantages, and pitfalls of each property ownership type. This includes considerations on the role of corporations, partnerships, trusts, and limited liability companies in owning property.

Whether you're a first-time homebuyer, seasoned investor or somewhere in between, this episode serves as an essential guide. Tune in to learn from Stephen's expertise on navigating the real estate world, making well-informed decisions, and avoiding unnecessary hazards.

Sponsored by - Good Patriot Realty - A Salute to Home Ownership