Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

• Real estate: real property (e.g., land, houses)
  
  
• Real property: land, houses, and items attached to the land.
  
  
• Recording: filing of deeds and official papers with the county land records office. Recording creates an official public record of ownership and changes in ownership.
  
  
• Residual beneficiary: person who receives trust property after death of a life beneficiary, or ultimate beneficiary of property left by will or trust which wasn’t otherwise disposed of in the will or trust.
  
  
• Residue or Residuary Estate: all property not specifically devised or given away as part of your will or trust. Basically, whatever is left over after all assets which were specified in the will or trust are distributed.
  
  
• Right of survivorship: right of surviving joint tenant to take title to deceased joint tenant’s share of property.