§ 32-17-2-1 Application; two or more persons; conveyances and devises
§ 32-17-2-2 Deed of release or quitclaim
§ 32-17-2-3 Future estates; life estates; remainders
§ 32-17-2-4 Contingent remainder
§ 32-17-2-5 Conveyance by tenant for life or years

Terms Used In Indiana Code > Title 32 > Article 17 > Chapter 2 - Estate

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Grantor: The person who establishes a trust and places property into it.
  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.