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Property & Property Rights

1. Use some type of property the you own (tangible or intangible, real or personal) and explain what rights you have relating to that property, and what rights others have to that property. I thought I would use my house.

2. How is insurance similar to a trust?

3. Why are holographic wills often recognized as valid, even if they are not witnessed?

4. What are the differences among fee simple absolute, fee simple defeasible, and life estates?

5. With regard to real and personal property, what are the advantages and disadvantages of having a will as opposed to a trust?

Solution Summary

By example, this solution responds to the question related to property (tangible or intangible, real or personal) on various dimensions e.g. rights others have to that property, how insurance is similar to a trust and holographic wills; differences among fee simple absolute, fee simple defeasible, and life estates; and the advantages and disadvantages of having a will as opposed to a trust.

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