What ownership options exist for real estate?

Common forms include:

  • Tenants by the Entireties (for married spouses)
  • Joint Tenants with Rights of Survivorship
  • Tenants in Common
  • Enhanced Life Estate (commonly known as a “Ladybird Deed”)

Each has different legal and financial implications, on everything from divorce, to creditor issues, to probate, to Medicaid eligibility. Paying an attorney to get your ownership right the first time will save you in the long run. We have seen it (and fixed it) for decades.