Identify the various types of property, for example, real versus personal property |
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Be able to differentiate between the various ways real and personal property may be owned |
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Understand the basic terminology used relating to how property is owned |
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Identify the characteristics of the various forms of ownership of property |
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Understand the differences between probate property and nonprobate property |
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Be able to differentiate between what property is normally classified as part of the probate estate and the gross estate |