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What does Sole and Separate property mean if there are 5 Owners of the real property?
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What does LE mean after property owners names in Minnesota?
life estate ?
What does sole use of a property mean?
It means the property can only be used by one grantee or for only one purpose. For example, a seller may restrict the property being sold by reciting that the parcel can only be used as an orchard for a period of thirty years. Or, a right of way could be granted to an abutting owner for her sole use as a right of way. She couldn't let any other owners use it and she couldn't use it for anything else such as parking.
What does separate property state mean?
Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.
What does non community property mean?
A non-community property state is a separate property state.A non-community property state is a separate property state.A non-community property state is a separate property state.A non-community property state is a separate property state.
Why should you add your spouse's name to the house title that is only in your name?
If you live in a separate property state that would mean your spouse wants to keep that property separate from you. If your spouse dies that property would not automatically pass to you. It would pass to the heirs at law or according to the will. It may also be considered separate property in the case of a divorce and the distribution of marital property.
What would happen if the husband is the sole legal owner but husband and wife are joint equitable owners and husband dies and leaves the house to his mistress?
In most states, under the doctrine of "Election", the wife could file a claim in the husband's estate and receive a share of the value of the property. It is unclear what you mean by joint equitable owners.
What does poa mean when buying something?
"PROPERTY OWNERS ASSOCIATION" would apply if what you are buying is land, but you did not specify.
Does a survivor ship deed mean both parties have equal interest in the property?
Yes. Both parties have an equal interest in the property while living. Each has the right to the use and possession of the property. Upon the death of one, sole ownership automatically vests in the survivor.Yes. Both parties have an equal interest in the property while living. Each has the right to the use and possession of the property. Upon the death of one, sole ownership automatically vests in the survivor.Yes. Both parties have an equal interest in the property while living. Each has the right to the use and possession of the property. Upon the death of one, sole ownership automatically vests in the survivor.Yes. Both parties have an equal interest in the property while living. Each has the right to the use and possession of the property. Upon the death of one, sole ownership automatically vests in the survivor.
What does Windfall Income mean?
Windfall Means:"a sudden happening that brings good fortune (as a sudden opportunity to make money"So a Windfall Income would mean basically the same thing.An example from the article that was recently in The Mail On Sunday :Property Owners Can Reap A Windfall From TaxmanThis means property owners have an opportunity to make money from the taxman.Article can be found here for reference: www.portaltaxclaims.com/claiming-capital-allowances/property-owners-can-reap-a-windfall-from-taxman
What does rm mean after a property owners name?
means the landlord of your century county Mobile home counted reached homed
What does limited liablitlty mean?
In business terms it means that the owners of the business (ie shareholders) are not liable for the businesses actions. Basically, if the business were to get in debt, and become bankrupt, it would not make the owners bankrupt, just the company. The owners and the company are separate in the eyes of the law.
What does sole charge mean?
Sole charge- be able to work alone
