The Way You Hold Titles... Affect The Taxes & The Sale Or Inheritance Of The Property

The Three Most Typical Ways To Hold Title

A title is the legal right to use and modify the property how you see fit, and/or to transfer interest or any portion that you own to others via a deed. A deed represents the right of the owner to claim the property. As opposed to the title, that describes who is the ultimate holder of the property. The options below are brief examples of the most typical ways you may hold title. If you should require further explanation or advice related to the options below, you should contact an attorney. Mitch is not an Attorney and cannot provide any legal advice.

AS
SPOUSES

Married Couple Creating A Tenancy By The Entirety

HUSBAND & WIFE, HUSBAND & HUSBAND, WIFE & WIFE, ETC.
Or Married Couple creating a tenancy by the entirety, which means upon the death of one spouse, the whole estate remains in the sole ownership of the surviving spouse... when one spouse dies, the other spouse immediately receives title to the full property without the need for probate or intestate succession.
TENANCY
IN COMMON

Each Party Owns An Undivided Interest In Real Estate

TENANCY IN COMMON
Which means each party owns an undivided interest and upon the death of a party, their interest passes to their estate and not to the surviving co-tenants(s). With this option you will need to indicate the percentage of ownership for each co-tenant.

Your Buyer’s Agent and the title firm will also need if you intend to hold title in an LLC, Trust, Partnership or Corporation. If yes, then you will need to provide proof of existence of the entity such as: Trust copy, copy of Partnership, etc. You will also need to indicate who will be signing on behalf of the entity and their title or position within the entity.
JOINT TENANTS
FULL RIGHTS

Interest Passes To The Surviving Joint Tenant(s)

JOINT TENANTS WITH FULL RIGHTS OF SURVIVORSHIP
This means that upon the death of a joint tenant their ownership interest passes to the surviving joint tenant(s).

Your Buyer’s Agent and the title firm will also need if you intend to hold title in an LLC, Trust, Partnership or Corporation. If yes, then you will need to provide proof of existence of the entity such as: Trust copy, copy of Partnership, etc. You will also need to indicate who will be signing on behalf of the entity and their title or position within the entity.

As A Seller... "I always felt relaxed and like his only client."

I always felt relaxed and like his only client. It is without hesitation that we recommend Mitch Rolsky as a real estate agent for both the buy and sell side.

We have worked with Mitch twice in the purchase of a downtown Indy home and then with the subsequent sale of the same house just over 2 years later. Mitch's guidance allowed us to purchase the home in a desirable location at a price level that was at the lower end of the market range at that time. During the sale of the home, Mitch paid no attention to what the home was sold for earlier but focused on what the market would bear. Mitch focused on selling the value of the home and the location as opposed to price. He knows the market extensively and set a selling price and sales strategy that worked perfectly in a softening seller's market.

We moved because of a career change which forced us to move away during the sales process. Mitch took care of everything from there....in essence, we left our entire belongings in the care of Mitch. Friendly, detailed, trustworthy, knowledgeable and professional are but a few of the attributes of Mitch. Thanks Mitch....

ANNIQUE & MARTY G.

Recent Sales

As A Buyer... "Purchasing Indy real estate virtually from California during covid, was not within my comfort zone."

Purchasing Indy real estate virtually from California during covid, was not within my comfort zone. I needed an agent to patiently show me things as though I was there myself, speak with blunt honesty and find balance between my "desire" list and a stable long term investment.

Mitch doesn't miss a beat! He is highly intelligent, engaged with his clients - stellar communicator with a wealth of wisdom not only through the home buying process, but in life. I always felt relaxed and like his only client, yet knew he was doing much hard work in the background.

I've heard in life that "your realtor is your best friend!" Best friends work for your best interest; he was always right there and always told it like it was....so appreciated!!! He exceeded all expectations and hope to work together again in the future!

KRISTINA & ROBERT O.

Recent Sales