Tenant in Common and Divorce: What You Need to Know
Divorce can have profound impacts on many aspects of your life, from living arrangements to financial and legal issues that need to be sorted out.
How Do Tenants In Common File Taxes?
You may be familiar with the structure of a tenant-in-common arrangement, better known as a TIC. Under a TIC structure, each co-tenant or co-owner has an undivided, fractional share in a particular property.
Does Tenancy by Entirety (TBE) Avoid Probate?
Probate is a process by which a court manages the distribution of a deceased person’s assets to beneficiaries. Many people prefer to avoid probate, as it can be a time-consuming process, causing delays in the distribution of assets. Probate is also costly and may expose private financial matters publicly.
What is a Tenants In Common (TIC) Syndication?
Investors who want to 1031 exchange into a syndication will immediately encounter a few roadblocks. Doing a 1031 exchange into a syndication is not possible since the syndication (in most cases) is considered a security. The exchanger is trying to 1031 exchange from real property into a passive investment. Passive investments are securities. Trying to exchange from real property to a security does not meet the “like-kind” 1031 exchange requirement.
What Are The Advantages and Disadvantages of Joint Tenancy With Right of Survivorship?
Joint tenancy is a reasonably regular set-up that involves real estate ownership by two or more parties. Common types of shared interests include tenancy in common, community property, or joint tenancy with right of survivorship. Each of these arrangements carries pros and cons. But joint tenancy with right of survivorship (JTWROS) can be helpful in the event of death.
