How you take title to your property crucial in the estate planning process. It is important to understand the process as title will determine the parties’ legal rights. These legal rights involve matters such as ownership, real property taxes, gift and inheritance taxes, income tax and most importantly, transferability upon death.
In this video, JEFFREY BURR attorneys, Corey Schmutz and Rebecca Haines, discuss different methods of taking title, the benefits of each, and the potential situations that would lead a person to take title in the manner that would suit them best. Learn about:
If you have questions about taking title and need to know the best tactics for yourself or your clients, contact JEFFREY BURR.