Brianna Benz, Realtor

I haven't come on here and introduced myself in awhile. Hi, I'm Brianna aka Bri! My passion has always been to help people. I've worn many hats in my life achieving this and in my current profession as a Realtor® I've come to realize one of the best ways I can help people is through education! There is a lot of information out there and I come across so many individuals telling me they don't know much about real estate and they want to learn more. Let me help you break it down and apply it to your goals and needs. Knowledge is power and I want to empower everyone that I work with so they can buy and sell with confidence and the knowledge to make educated decisions in all their real estate endeavors. Let's connect and explore your real estate options together.

I haven't come on here and introduced myself in awhile. Hi, I'm Brianna aka Bri! My passion has always been to help people. I've worn many hats in my life achieving this and in my current profession as a Realtor® I've come to realize one of the best ways I can help people is through education! There is a lot of information out there and I come across so many individuals telling me they don't know much about real estate and they want to learn more. Let me help you break it down and apply it to your goals and needs. Knowledge is power and I want to empower everyone that I work with so they can buy and sell with confidence and the knowledge to make educated decisions in all their real estate endeavors. Let's connect and explore your real estate options together.

Most common ways to hold title:

1. Sole ownership: This means that you are the only owner of the property. If you are unmarried or not buying with another person, this is the default option. You have complete control over the property and can sell, mortgage, or transfer it at any time.

2. Joint tenancy: This is a popular option for married couples or business partners who want equal ownership of the property. Each owner has an undivided interest in the property, meaning that they share ownership of the whole property rather than a specific portion. If one owner passes away, their share automatically transfers to the other owner(s) without going through probate.

3. Tenancy in common: This is similar to joint tenancy, but each owner can own a different percentage of the property. If one owner passes away, their share does not automatically transfer to the other owner(s) and instead goes to their beneficiaries. Each owner has the right to sell, transfer, or mortgage their share of the property without the consent of the other owners.

4. Community property: This option is only available in some states and applies to married couples. It means that both spouses have equal ownership of the property, regardless of who purchased it. If title is held as just community property, then the deceased spouse has the right to dispose of 50% of the property through their will or trust. If title to property is held as community property with a right of survivorship, it simply means that the surviving spouse or domestic partner automatically assumes full ownership of the property upon the death of the other title holder.

5. Trust: A trust is a legal entity that can hold title to a property. Setting up a trust can offer benefits such as avoiding probate and providing for the management and distribution of assets before and after your death. Wealthy estates may avoid or minimize estate taxes with an irrevocable trust.

6. LLC: A limited liability company (LLC) can also hold title to a property. It's the best entity to hold ownership to real estate investment property because of the asset protection it provides and the beneficial tax savings it offers over the corporation.