prevalent property Neighborhood property mental property personal property property hurt property destruction coverage property appropriate property tax community property
compare tenancy in widespread at tenancy — community property : property held jointly by spouse and wife specially : property Particularly from work acquired by both wife or husband soon after relationship that is certainly deemed in states getting a Group property system to belong to both equally spouses as undivided a single-50 % interests
of your corporation : property belonging to a selected individual — skilled terminable interest property : property passing to some surviving husband or wife that qualifies to the marital deduction In case the executor so elects furnishing which the spouse is entitled to get money in payments produced at the least annually for life Which nobody has a power to appoint any Section of the property to any person apart from the surviving partner
see also antenuptial settlement Note: In many states, upon divorce marital property is split In keeping with just what the court docket establishes is equitable. — movable property : property (as personal property or crops) that may be moved — personalized property : property (to be a car) which is movable although not which include crops or other means nevertheless connected to land : property in addition to real property a tax on the personal property
— real property : property consisting of land, buildings, crops, or other methods however hooked up to or throughout the land or advancements or fixtures permanently hooked up to the land or a structure on Additionally, it : an curiosity, reward, suitable, or privilege in these property
called also immovable property — separate property : property of a partner that isn't Group property or marital property Specifically : property obtained by a husband or wife right before marriage or separately during marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property problems protection to tangible property
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— marital property : property obtained by both husband or wife in the program of a relationship that is definitely subject to division upon divorce
see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property get more info to which the owner has relinquished all rights Observe: When property is abandoned, the owner gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, and a police officer may possibly acquire possession of deserted property as proof with no violating the ensure towards unreasonable searches and seizures in the Fourth Modification on the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy circumstance and that's ordinarily viewed as Component of the personal bankruptcy estate : property acquired after the perfection of the lien or protection fascination Specially : this sort of property acquired once the development of a lien or stability fascination that is certainly matter towards the lien or becomes collateral for the safety fascination : property transferred on the estate of a decedent right after execution from the will — typical property : property owned or employed by multiple celebration especially : property owned or leased by tenants in typical
ownership in indivision at possession Notice: The states getting community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, in the civil regulation of Louisiana : tracts of land with their part parts — intangible property : property (for a stock certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it signifies — intellectual property
of not conducting warmth character applies to a peculiar and exclusive good quality of a detail or a class.
a : a quality or trait belonging and particularly peculiar to an individual or issue b : an effect that an item has on another item or about the senses c : advantage feeling 2 d : an attribute typical to all associates of a class
a : some thing owned or possessed specifically : a piece of real estate b : the exclusive ideal to have, love, and eliminate a issue : possession c : one thing to which an individual or company features a legal title d : one (for instance a performer) that is underneath agreement and whose function is especially valuable e : a reserve or script bought for publication or creation
property implies a characteristic that belongs to the detail's necessary character and will be utilized to describe a sort or species.
see also QTIP rely on at have faith in Be aware: Below federal tax law the property needs to be A part of the gross estate in the surviving partner at his or her have Demise, in which it's subject to taxation.