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Two Common Forms of Holding Title Explained

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Today I’ll discuss two of the more popular forms of holding title in detail: tenants in common and joint tenants with right of survivorship.

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Two Common Forms of Holding Title Explained

Ursula & Associates
Apr 30 2 minutes read

Holding title incorrectly could end up costing you thousands of dollars, so it’s important to know what your arrangement is as a homeowner.

In Georgia, there are several ways you can hold title on your property, but the two that are the most popular are tenants in common and joint tenants with right of survivorship.

Discerning one from the other depends on the circumstances when one party passes away, how the will is written, and how things proceed through the probate process. In some cases, a death tax, or estate tax, will be a factor simply because of how title was held.


“Holding title as joint tenants with right of survivorship provides you with a safety net against the unknown.”


Under joint tenants with right of survivorship, if and when one of the two parties dies, full ownership automatically transfers to the surviving party. When closing on a home, holding title as joint tenants with right of survivorship provides you with a safety net against the unknown—especially if your joint tenancy is a spousal marriage. No one expects the worst to happen, but when it does, this method of holding title will take care of loved ones.

For business relationships or relationships that aren’t spousal in nature, the obvious benefit to going the tenants in common route is that, in the event of death, title can be transferred to an outside party.

If you have any questions about holding title or anything else, please get in touch with us. We’d love to supply you with more information so you can make the best decision for yourself!

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