The Will

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Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
- Concept of Title. Who Really Owns It?
- Ownership as a "Bundle of Rights"
- Legal Title vs. Equitable Title
- Transfer of Title (Voluntary vs. Involuntary)
- Escheat & Eminent Domain
- Transfer by Voluntary Alienation
- The Will
- Devise
- Transfer by Involuntary Alienation
- Why is this "Involuntary"?
- Probate (The Process)
- Escheat
- Eminent Domain
- Adverse Possession
- Adverse Possession 2
- Notice of Legal Title (Proving you own it)
- Constructive Notice
- Acknowledgment
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- Chain of Title vs. Abstract of Title
- Title Opinion
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- Lender's Policy (Mortgagee Policy)
- Deeds
- Parts of a Deed
- Requirements for a Valid Deed
- Types of Statutory Deeds
- Deeds
- Legal Requirements Summary
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- How Easements are Created:
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- Chapter 10 Quiz 10 xp
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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Title, Deeds And Ownership Restrictions

Section 7 of 39

If you die Testate (meaning you left a valid Will), you are voluntarily transferring your property to your chosen heirs. You need to memorize these terms because they are favorite targets for exam questions.1. The Parties to a WillWho is involved in this transaction?The Deceased (The Maker of the Will):Testator: A male who makes a will.Testatrix: A female who makes a will.(Note: In modern legal writing, "Testator" is often used for everyone, but for real estate exams, you must know the gender distinction).The Receiver (The Heir):Devisee: The person receiving Real Property (Land/House).Beneficiary: The person receiving Personal Property (Cash, Cars, Jewelry).