Ways to Take Title in Arizona
When real estate is purchased in Arizona, the title company will require that the buyer declare the manner in which title will be held. For a single person, it’s straight forward–title will be held as “sole and separate”; however, if a married couple or two or more persons are acquiring property, there are several options. In Arizona, real estate agents are not allowed to offer advice outside their area of expertise–since taking title to real estate has tax and legal implications, we must recommend that you seek advice from your CPA or tax attorney. Here is a chart that shows the various ways title can be held.
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