Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the...

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Page 1: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Types of ownership

Fee simpleConcurrent

tenancy in common joint tenancy tenancy by the entirety

Page 2: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Acquiring ownership

Possession ProductionGiftPurchaseAccessionConfusion

Page 3: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Ownership of real property

Fee simpleLife estatesFuture interestsNonpossessory interests

easement

Page 4: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Transfers of real property

DeedWill or inheritanceAdverse possessionEminent domain

Page 5: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Types of leasehold estates

Tenancy for yearsPeriodic tenancyTenancy at willTenancy at sufferance

Page 6: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Requirements for a valid will

CapacityWritingSignatureWitnesses

Page 7: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Revocation of will

Physical acts of testatorSubsequent writingOperation of laws

Page 8: Types of ownership zFee simple zConcurrent ytenancy in common yjoint tenancy ytenancy by the entirety.

Alternatives to Probate

Life insuranceProperty transfers

Joint estates Life estates Beneficiary deeds TOD or POD

Lifetime GiftsTrusts


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