There are a few different kinds of property ownership that you might be considering if you own real estate. These transactions aren't only for buying or selling a property; they can help you protect your real estate if you are getting older and want to provide it to beneficiaries later.
Individual ownership is when you put a property into your name and have no others on the deed or title. This also means that you have no designated beneficiary for the property, which is something to consider. Without naming a beneficiary, the property will have to go through probate court after your death in most cases.