FREQUENTLY ASKED QUESTIONS

1. i can't take time off work. How do i sign documents?
Fortunately, our office offers remote signing as our primary method of signing documents. This means you can sign your documents from your phone or laptop as long as you have email access and are available to meet us over videocall. ​
2. What are the different ways i can take title?
There are three ways in which you can register title. 
1. Registered Owner (when there is only one owner)
2. Joint Tenants
3. Tenants in Common
3. What is the difference between joint tenants and tenants in common?
Joint tenants may be used when there are two or more owners and both/all owners want to have 100% ownership with the right of survivorship. This means the surviving owners will continue to possess 100% of the property jointly even if one or more of the owners passes away. In other words, the remaining owners automatically inherit the deceased owner's share of the property.  Anyone can register as joint tenants but married couples benefit from it the most since they typically designate one another in their Last Will as beneficiaries (Estate Planning).  Being registered as joint tenants might be advantageous, but it can also be problematic because the property is wholly held by others, opening the door for creditors to seize the entire asset even while non-debtors have title to it. Simply said, if you and your buddy are joint tenants, each holding 100% of the property, and your friend owes a creditor money, the creditor can get a judgement against your friend and collect their debts from your property because your friend is a joint tenant and owns 100% of the property with you.

​To help better understand how joint tenancy works, assume that we are talking about a cake and the cake is being held by 5 people. 5 people layer their hands and hold the entire cake. If one person removes their hand, the remaining 4 people will continue to hold 100% of the cake. This is how joint tenancy works.
Tenants in Common. When there are two or more owners and they each possess a portion of the property that, when added together, equals 100%, tenants in common may be used.For instance, one individual could hold 25% and the other 75%. As long as all of the owners' percentages sum up to 100%, you can have as many owners with different ownership interests. By using this strategy, you may secure your share from the other owner's creditors and in the event that you pass away, ensure that your interest in the property is inherited by your designated beneficiary (noted in your Last Will).

To better understand how tenants in common works, we will use the same example as above. Here, you have each person holding their own portion of the cake. They can pass their slice to another person and if they pass away, their estate will add it to their pool of assets. Their slice will not automatically join back to the rest of the cake that is owned by others. If a creditor obtains a judgment against them and  claims their slice, only their slice is at risk, not the other slices of cake owned by others.