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Real Property

Real property is another name for real estate and is considered land and anything that is permanently attached to the land, such as houses, building, fences, and other built or created objects not moveable from one place to another. When planning an estate real property can be hard to divide equally without specifying that it be sold and the profits divided. In the case of large estates or family homes that have been passed down for years, this can present a problem that is not simple to solve, unless there is only one child. If the real property is truly to stay in the family it may be possible to equally divide other assets and leave the real property to one beneficiary. If, the main goal is to be equitable, the only solution may be to sell the property and divide the assets.

Fast Facts

  • Real property can be placed in a trust that is handled by one family member and thus the property avoids estate taxes.
  • Real property should be discussed with an estate planning attorney in order to come up with the best plan for its disbursement.

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Articles

Results 1-5 of 5832 for "real property"

  • What Can Property Liens Be Filed For?

    A lien is a legal claim that attaches to a particular piece of real estate.  If the real estate is sold or oth...
    • By: Howard Jaffe
    • Site: realestatelawyers.com
    • 7 of 9 user(s) found this useful
  • Legal Help with Real Estate Investments

      Before you make your real estate investment, it is recommended that you investigate the real estate laws and...
    • Site: realestatelawyers.com
  • Real Estate Investments with Partners and Disputes

      It is common for family members, significant others, husbands and wives, friends or business associates to i...
    • Site: realestatelawyers.com
  • Tax Liens on Property

    A tax lien is a claim against property in order to secure the payment of taxes.  Local, state, and federal gov...
    • Site: realestatelawyers.com
  • Removing Property Liens

    Since a variety of different circumstances can lead to the filing of a lien on your real estate, the mechanism...
    • Site: realestatelawyers.com
    • 19 of 22 user(s) found this useful

Q&A

Results 1-5 of 1302 for "real property"

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