I was just speaking with title officer Brandon Miller from Fidelity Title about some of the different ways people can hold title to their real estate. He sent me this fantastic cheat sheet that I would like to share with you.
Why should people should put their home in a Trust? (This makes sure that if something happens to you, your loved ones have a directive on how to take care of your property. It keeps it out of costly and time consuming probate! PLEASE, if you love your family, get a trust.) Why do investors want a property to be held in an LLC? What protections does an LLC offer?
Below is a single sheet from Brandon Miller of Fidelity Title that makes it all clear and easy to understand.
Ways to Hold Title of Real Property
If you have any questions Brandon or I would be happy to talk with you about pros and cons of your options.
Fidelity National Title