3 Ways to Hold Title in Missouri
Most people may not realize this, but deeds to titles are not "one size fits all." When you purchase property at the Lake of the Ozarks , you have an opportunity to choose how you want to title your home. Each state has its own regulations regarding the different types of title. As your trusted Missouri Title Company , Arrowhead Title, Inc. is here to help you make sense of some of the most common ways to hold title. From here, you will be able to determine which method is best for you. Tenants in Common Any two or more people, related or not related. In effect, each person owns an undivided interest. Upon the death of an owner, their interest goes to their heirs - NOT the other tenant in title. Tenants in Common is created by saying "as tenants in common" after the names of the grantee in a deed, or by simply not stating any kind of tenancy. Joint Tenants Any two or more people, related or not related. In effect, each person owns an undivided inter...