Question 1
Once property is properly classified as either real or personal, it is important to:
◦ Determine the value
◦ Advise the courts
◦ Determine how title to the property is held
◦ Advise the beneficiaries
Question 2
The example of Jill inheriting a car from her Aunt Rose is:
◦ Chose in action
◦ Owned in severalty
◦ Intangible property
◦ Joint ownership