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Questions to Ask When Considering Title.
- Is one spouse more subject to large liability than
another, e.g. is one a doctor, lawyer, truck driver, etc.
- someone liable for a large negligence or malpractice
suit?
- Is there a danger of creditors coming after either
spouse?
- Is there someone else besides a spouse that either spouse
wants to leave all or part of interest in the property
to, e.g. children from a previous marriage?
- Is there a danger of bankruptcy?
- Which form of title has the best tax advantages in your
state? Consider federal income, inheritance, estate,
capital gains taxes.
For the best advice on holding title - consult a real estate attorney in the
location your property is in.
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