What is the role of an executor or trustee in transferring fee simple property after death?

Oct 12, 2024 ... Specifically, it refers to an owner having full and irrevocable ownership of the land and any buildings on that land. Fee simple is the highest ... If you own property that is titled solely in your name you possess total legal control over it. This allows you to do with it whatever you want without anyone ... May 21, 2009 ... ... Fee Simple or Leasehold. Now I have used Fee simple all along but I figured I would change it because wouldn't the definition of Fee Simple ... Fee Simple – Most real estate is owned “in fee simple” which is a very old term that means outright ownership of land (subject to any mortgages or liens). How Do I… External Links ... (b) "Townhouse owner" means the person or persons owning the real estate in fee simple on which a townhouse unit is located. Jun 26, 2024 ... Fee simple is a term used in real estate to describe when an owner has complete legal ownership over a designated area of land and all properties that sit on ... Mar 1, 2023 ... As the owner of a fee simple property, you have purchased complete ownership, meaning that the land itself belongs to you, along with all of the dwellings, ... A fee simple buyer acquires ownership of the entire property, including both the land and buildings. The fee simple owner does not pay ground rent, but does pay ... Fee simple indicates ownership that is not liable to end upon any ... In possession means that the owner's rights are immediate, thus future interests do ... This type of real property ownership does not exist in Minnesota, but ... This is called ”fee simple ownership.” Real property owners may have limits ...