Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake Front, Terrytown, and Uptown real estate and homes for sale in Louisiana - Carolyn Talbert, REALTOR® Carolyn Talbert REALTOR(r) for Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake Front, Terrytown, and Uptown, Louisiana real estate - NUMBER1EXPERT™ Carolyn Talbert NUMBER1EXPERT(tm) for Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake Front, Terrytown, and Uptown, Louisiana real estate

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Carolyn Talbert, REALTOR®, real estate agent and broker for Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake Front, Terrytown, and Uptown Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Titles >Ways to Hold Title

When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.

"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".

It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."

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Real Estate Trivia
Q 
What land did the U.S. Government buy for $7.2 million?

A 
The U.S. bought all of Russian America (Alaska) from the Russian Czar in March 1867.
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Carolyn Talbert, REALTOR®, real estate agent and broker for Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake Front, Terrytown, and Uptown Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Carolyn Talbert
Keller Williams Realty

4725 Veterans Memorial Blvd.
Metairie, LA. 70006
Direct: 504 330-0901
Home: 504 455-9351
Office: 504 455-0100
Fax: 504 459-3535
Email: Carolyn@MetairieHomes.com

Carolyn Talbert is the top agent in the New Orleans Metropolitan Area in residential sales, with over 525 million in sales. She has been one of the top residential producers in Greater New Orleans for 30 years. Carolyn Talbert's goal is to provide the best service available in the New Orleans Metro area. As one of America's Number 1 Experts™ in the Metairie, New Orleans, French Quarter, Kenner, Lake Front, and Uptown area, Carolyn is well-equipped to handle all of your real estate needs. Call or email her today!

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