There are different forms of title vesting, and the choice of vesting method can have significant implications, particularly in situations like property transfers, sales, inheritance, or disputes. Some common types of title vesting include:

• Sole Ownership: When a property is owned by a single individual, it is considered sole ownership. In this case, the owner has complete control and rights over the property.
• Joint Tenancy: Joint tenancy is a form of co-ownership in which two or more individuals own equal shares of the property. If one co-owner passes away, their share automatically transfers to the surviving co-owners. This right of survivorship is a distinguishing feature of joint tenancy.
• Tenancy in Common: Tenancy in common is another form of co-ownership, but unlike joint tenancy, each owner can have unequal shares in the property. Additionally, there is no right of survivorship in tenancy in common, meaning that if one owner dies, their share will pass on to their heirs rather than the remaining co-owners.
• Tenancy by the Entirety: This form of title vesting is only available to married couples in some states. It is similar to joint tenancy but with an added feature that protects the property from being seized by creditors if one spouse has debts.
• Community Property: In some states, married couples can hold property as community property, where each spouse has an equal ownership interest in any property acquired during the marriage.

The choice of title vesting can have legal, tax, and estate planning implications, so it’s essential for property owners to understand the different options available and seek advice from legal and financial professionals to make the best decision for their specific circumstances.