typical property Local community property intellectual property own property property hurt property damage coverage property proper property tax public property
Assess tenancy in typical at tenancy — Neighborhood property : property held jointly by husband and spouse particularly : property Primarily from employment obtained by both wife or husband soon after marriage that is certainly deemed in states using a community property process to belong to the two spouses as undivided one-50 percent interests
on the corporation : property belonging to a certain person — experienced terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction if the executor so elects delivering that the husband or wife is entitled to acquire revenue in payments built at the least annually for life Which no-one has an influence to appoint any A part of the property to anyone apart from the surviving husband or wife
see also antenuptial agreement Notice: For most states, upon divorce marital property is split Based on just what the courtroom establishes is equitable. — movable property : property (as private property or crops) which might be moved — private property : property (to be a automobile) that is definitely movable but not like crops or other resources nevertheless hooked up to land : property other than real property a tax on the private property
— real property : property consisting of land, buildings, crops, or other sources nevertheless connected to or inside the land or enhancements or fixtures forever hooked up towards the land or possibly a composition on In addition, it : an fascination, benefit, proper, or privilege in these property
known as also immovable property — independent property : property of the spouse that isn't Local community property or marital property especially : property acquired by a husband or wife right before marriage or independently through marriage (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage limited property destruction protection to tangible property
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— marital property : property acquired by both husband or wife in the course of a relationship that is definitely issue to division upon divorce
see also asset, estate, desire feeling one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the owner gives up the sensible expectation of privateness relating to it. The finder of deserted property is entitled to keep it, along with a police officer could just take possession of deserted property as proof without violating the assure towards unreasonable queries and seizures while in the Fourth Modification into the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the personal bankruptcy scenario and that is generally deemed Section of the individual bankruptcy estate : property obtained once the perfection of the lien or stability interest Particularly : this kind of property acquired following the development of the lien or protection fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent following execution in the will — frequent property : property owned or utilized by more than one get together exclusively : property owned or leased by tenants in widespread
possession in indivision at possession Notice: The states obtaining Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, from the civil regulation of Louisiana : tracts of land with their part sections — intangible property : property (for a inventory certification or Specialist license) that derives price not from its intrinsic Bodily character but from what it represents — intellectual property
of not conducting heat character applies to a peculiar and unique high quality of a factor or a class.
a : a quality or trait belonging and especially peculiar to an individual or thing b : an outcome that an item has on A different item or to the senses c : advantage feeling 2 d : an attribute frequent to all associates of a category
a : something owned or possessed specifically : a piece of real estate b : the exclusive right to possess, enjoy, and eliminate a detail : possession c : a thing to which somebody or organization incorporates a authorized title d : 1 (such as a performer) who is under deal and whose get the job done is particularly worthwhile e : a e-book or script bought for publication or production
property implies a attribute that belongs to your issue's crucial nature and may be made use of to explain a kind or species.
see also QTIP have faith in at have confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate in the surviving spouse at his or her have Dying, the place it really is topic to taxation.