Exposing the realities of naked and joint ownership

The most common and popular method of holding assets is directly in one"s own name, what might be termed 'naked ownership". Its popularity lies in the simplicity and effectiveness of its 'brass-in-pocket" approach. However, while naked ownership may be the default form of ownership for most of us, it is important to realise that it is in itself just one of the generic forms of ownership with its own strengths and weaknesses. Over and above personal preference, there can be a variety of reasons for owning assets in one"s own name. For instance, in some countries, as a matter of public polic...