Probate (The Process)

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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)
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- Transfer by Voluntary Alienation
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- Why is this "Involuntary"?
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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Title, Deeds And Ownership Restrictions

Section 11 of 39

Whether you die with a will (Testate) or without one (Intestate), the property must go through a legal process called Probate.The court freezes the assets, pays off the debts, and then distributes what is left to the legal heirs.Many students confuse "Devisee" and "Heir."If you see the word "Heir," assume there was NO Will (Intestate).If you see the word "Devisee," assume there WAS a Will (Testate).