Skip to Content
Lovett & House Lovett & House
Call Us Today! 937-909-0770
Top

What Is Considered Personal Property?

Personal property is anything that can be owned, except land. It is important to understand the answer to this question when you are creating your will.

A will provides for the distribution of certain property owned by you at your time of death. Generally, you can divide and distribute your property in any way you choose.

As part of your will, you may wish to designate some of your possessions to certain individuals. Essentially, there are two types of property: personal property and real property.

Personal property includes anything other than land that can be the subject of ownership. This is divided into two subcategories: tangible and intangible property. Animals, merchandise, jewelry, and other physical items are considered tangible property. Intangible property includes things like stocks, patents, copyrights, bonds, and units of ownership.

Real property is land and usually anything that is affixed to or growing on that land, including buildings and crops. In most cases, if you jointly own property with someone, the property will pass directly to the remaining tenant upon your death.

Now let’s say you have a business account that you wish to include in your will. Whether this account is considered personal property is dependent upon the number of people it belongs to. It may belong to a corporation, LLC, or multiple business partners. An experienced estate planning attorney can review the title to the account and the language of the will to ensure that everything is in order.

The lawyers at Lovett & House Co., L.P.A. have a unique blend of skills and experience to help you and your family with your particular needs. We can advise you in choosing the best instrument to address your estate plan. What we won’t do is charge excessive fees for a basic will. Instead, we leverage our knowledge and experience to provide a will that can give you peace of mind. Contact us today to schedule an appointment or get more information about our will services in Dayton, Tipp City, or Springfield, Ohio.

Empowering Families With Smart Planning

Contact Us Today to Get Started

A member of our team will be in touch shortly to confirm your contact details or address questions you may have.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy

In Their Own Words

Read Through Five-Star Client Stories
    "The Best Customer Service"
    George and his crew provide the best in customer service and have an outstanding work ethic. They have always been there to help us when needed!
    - Mark S.
    "I Felt Comfortable"
    I felt comfortable when I walked in the door and no longer felt uneasy about being there. Elizabeth made sure I understood all the documents.
    - Rhonda R.
    "Very Helpful"
    he Estate Trust planning was easy to do with the Lovett & House. George H. Lovett and William H. House were very knowledgeable and helpful.
    - Judith A.
    "Easy to Understand"
    They made it easy to update our estate planning needs. All our questions were answered in easy to understand language and we didn't feel overwhelmed.
    - Rita S.
    "Worth the Trip"
    Thank you for a pleasant experience in preparing our family trusts. We drove from Columbus to Tipp City, and the drive to Lovett Law Office was definitely worth the trip.
    - Gianna C.
    "A Pleasure to Work With"
    George Lovett has helped my family tremendously.  He always explained our options and took care of us with the utmost professionalism.
    - Marlene W.
    "The Staff is Extraordinary"
    George Lovett and his staff are the utmost in professionalism. All questions are answered thoroughly, and the staff is extraordinary.
    - Lisa M.
    "Sensitivity And Effectiveness"
    Planning my estate was handled with sensitivity, efficiency and thoroughness. All my questions were answered fully and with respect.
    - Mary R.