What is property?
It’s so much more than what many people think of when they hear that word. They may think it’s the house or their Tahoe time share or the motorcycle in the garage. Property is a legal term meaning anything one owns. In the law, traditionally, property falls into three categories: Real property which is buildings and land—you can pick up a brick or a clump of dirt—it’s “real”; Intangible personal property, which is cash and its equivalents. It’s sort of invisible (and, yes, it can easily disappear); and Tangible personal property: that’s anything you can touch, such as jewelry, artwork,...
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