Statutory Estate

  Previous topic Next topic JavaScript is required for the print function  

A Statutory Estate is created by law.

 

Estates vary from state to state
There are no statutory estates in Georgia

 

Examples of Statutory Estates:

 

Dower – a wife's rights in her husband's real estate
Curtesy – a husband's right in his wife's real estate
Community property – each spouse gains ½ interest in marital property
None of these statutory estates apply in Georgia

 

Dower and curtesy rights are common.  They are law in Virginia for example. Community property is law in California and other western states.

 

Dower is the wife's right in the husband's real estate even if she is not a party to the deed.

 

Curtesy is the husband's right to his wife's real estate even if he is not a party to the deed.

Marital property is property gained during the marriage except for inherited property.  Property acquired before the marriage is not community property.

Page url: http://www.georgiaappraiser.com/glossary/index.html?statutoryestate.htm