There are a number of ways you can take title to your new home in California, and the way you choose to do it will depend on your specific circumstances. First, a necessary legal disclaimer: These summarized tips are meant to be informational only and are not meant to provide legal advice. Please consult your attorney before making any decision as important as this one. Second, the handy chart below was provided by our friend, Tonya Gibson at Fidelity National Title in Roseville.
One of the more common ways that a couple, for example, might decide to take title to their new California home is through Joint Tenancy (see chart below). One of the benefits of this form of ownership is that it features the right of survivorship, meaning that if one of the…