Questions are arising frequently on this board regarding how to take title, especially with a partner or co-owner. There are eight ways to take title, six of them allow for co-ownership:
- Community Property;
- Joint tenancy;
- Tenancy in Common;
- Tenancy in Partnership;
- Title Holding Trust
- Community Property Right of Survivorship.
For the pros and cons of each and a truly independent analysis, here is an excellent report from Chicago Title Company that should answer many questions. I find it to be very helpful and recommend that you download it to have on hand. Enjoy: