Estates and Interests

7 important questions on Estates and Interests

What is Fee Simple, Fee Determinable, and Life Estate

1.Highest Type
2. Conditional with Remainderman
3.Limited to Life of specific person with Reversionary Interest

What are Dower and Curtesy

1.Wife
2.Husband

For Real Estate owned during marriage by one spouse before May 28, 1980

Surviving Spouses has rights of dower or curtesy/Any document relating to property should be signed by both spouses, no matter which one is the owner
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As of May 28, 1980 NJ abolished the creation of dower and curtesy rights instead

Now give both husband and wife right of joint possession of property

All Real Estate acquired May 28, 1980 that is not family home

May be sold by owner only without signature of spouse

What is a Money Judgment

Decree provides for awarding money owed by debitor to creditor

Easements are created by written agreement between parties, they may also be created by

1.Express Grant
2.Deed of Conveyance
3.Longtime Usage
4.Necessity
5.Implication

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