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A person's real property and personal propertymakes up what we call their estate.
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∙ 11y ago
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Do the proceeds of an estate sale involving another persons personal property have to be documented?
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How long do siblings have to sort divide remove estate items from the estate house that was puchased by another sibling?
That would be up to the new owner of the property. You need to agree on a time frame for removal of personal property from the premises.
What is the best synonym for property?
Estate
Can a house in a life estate be sold?
Generally a life estate entitles the beneficiary to all property rights except the right to sell or otherwise transfer the fee in the property. It cannot be defeated by the conveyance of the property. If the house was sold the buyer would acquire it subject to the life estate. If the life estate holder desires to relinquish the life estate in order to sell the property then she/he may join in the deed of conveyance and the life estate will end.
Transfer real estate property by will?
The transfer is done by the executor of the estate once the estate is settled. The will indicates who gets the rights in the property, but they are still subject to mortgage and liens and other items.
Are personal belongings included in the estate?
Yes. A decedent's estate contains all the property they own at their time of death.
What is included in house contents in a will?
Unless specifically called out, the contents are personal property. They will be a part of the estate and go to the remainderman if they are not sold to settle debts.
Is money personal tangible property?
Money is considered personal property and personal property is part of a person's estate.
What is a tax on real estate or personal property?
Property taxes are on real estate only. The IRS imposes charges on buildings, structures, land or houses that are permanently attached to the ground. These charges are called "real estate tax" or "property tax".
What the meaning of estate ownership?
A persons estate is all the property they own both real and personal property.
What is listed in a decedent's estate when he already had an irrevocable trust?
Any property owned by the decedent in his individual capacity would be included in his estate. Any property that was transferred to a trust during life would not be included in the estate.
A tax on real estate or personal property?
Property tax
How are property lawyers different than real estate lawyers?
"Property lawyers deal with personal property, whereas real estate lawyers deal with real estate."
Can widow's personal property be seized by heirs of her husband?
No. A widow's personal property is not part of her husband's estate.
Why do people request an Accounting from an Estate Account?
They want to know what property was included in the estate and where it went.
Is a 1990 Ford Mustang real property or personal property?
Personal, real is limited to real estate only
Mortgage on personal property?
Generally, mortgages are for real estate. Liens or secured loans are used for personal property.
