The Notes To' Which This Form of Transfer Relates Shall Be Held B

Instructions and help about The Notes To' Which This Form Of Transfer Relates Shall Be Held B

module three transfer of property by will real personal and intangible property a person's property or assets can be divided into two broad categories real property and personal property sometimes referred to as immovable and movable property a properties classification affects the way its title is transferred the cost and type of insurance that can protect it how it passes through an estate and sometimes to whom it may be transferred how it is taxed and more real property includes land and any fixtures to land such as ponds canals and roads it also includes formerly movable objects that may have been permanently affixed to the land such as homes other buildings and machinery any property not considered real property is personal property personal property is generally movable and may be tangible or intangible tangible personal property includes all personal property that can be held or felt such as cars furniture clothing and jewelry intangible personal property includes items of value