Court battles are also not uncommon because sometimes the disputes escalate to such measures when it comes to personal and real property which are two separate things altogether. Real property differs from individual possessions or personal property as personal properties is those substantial items which are not eternally part of or attached to the real estate. Now that we have more or less understood the difference between real and personal property on their broader terms, let us concentrate what an individual should plan to do with the real property after his expiry. Because as one passes away, he or she is the one to decide who should own that property and how that person or persons should receive it.
It is safe to consider that any improvements on any land, such as a crop yield or a house that have been made on the land are measured to be real property. Several options are available when you want to leave someone that real property and these options are dependent on certain factors. They are as mentioned:
Who is that person whom you intend to transfer the real property to?
The consideration as to whether it will be sold off to pay your outstanding debts.
During your lifetime, how much control do you want on the real property?
Consider preparing a will to transfer the property legally.
It is normal that people want to transfer their properties through a legal document like a will when they pass away. Probate process is part of the entire mechanism and it is thro7ugh the probate process that the real estate Hawaii gets legally transferred to the beneficiaries. There can be instances that the person who passes away leaves a considerable amount of debt behind him, and the real property Hawaii has to be sold or liquidated to pay off that debt. Therefore a will may not be a full proof way to transfer the intended property to the chosen owners.