Owning a home is a dream for many. And sharing this dream with the one you love (or even just like a lot) can be wonderful. But it can also complicate things.
If you’re considering a joint tenancy agreement, be sure you’re in a stable relationship with your proposed partner. You’ll both have equal access to the benefits and the liabilities of the property — sharing more than just your morning coffee!
Joint tenancy arrangements can complicate tax and estate planning. Revocable “living” trusts and tenancy in common can give you more control. Before purchasing your home, thoughtfully consider all options.