Property Ownership, Transfer of Title & Land Use 12.2.2 Flashcards
1
Q
Do community property states use dower or curtesy?
A
No
2
Q
Legal life estates require what?
A
Both spouses to sign documents when the property is conveyed
3
Q
Homestead rights are another form of?
A
A legal life estate
4
Q
Homestead rights
A
protects a portion of the equity in a residence from a judgment by unsecured creditors (during the occupant’s lifetime) and protects the owners from a forced sale by unsecured creditors.
