Encumbrances

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Encumbrances

Encumbrances definition: Property held as collateral for a loan cannot be freely given until debts are paid. Encumbered property is common among financial assets and real estate property. Before assets can be transferred, encumbrances (debts) must be fully paid. Property with restrictions on the title, such as conservation easements, is also said to be encumbered.

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7 More Family Office Resources:

Common-Law Property Family Office Definition: Common-Law Property Common-Law Property definition: Common-law property states recognize property acquired by individuals during the course of marriage as belonging solely to the individual, unless specifically stated to include the spouse. Download ...
Real Property Family Office Definition: Real Property Real Property definition: Real property includes land, buildings, and minerals. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What is real ...
Conservation Easement Family Office Definition: Conservation Easement Conservation Easement definition: A conservation easement is a restriction placed on the deed to property by property owners that wish to protect their land from development. Sub-types of conservation ...
Tenants in Common Family Office Definition: Tenants in Common Tenants in Common definition: When two or more persons own property and upon death, the property rights are transferred to the heirs of the deceased, rather than to ...
Agricultural Conservation Easements Family Office Definition: Agricultural Conservation Easements Agricultural Conservation Easements definition: An Agricultural Conservation Easements is a type of conservation easement designed to protect land from nonfarm development. See conservation easement for more information. Download our free ...
Community Property Family Office Definition: Community Property Community Property definition: Community property states recognize property acquired by individuals during the course of marriage as belonging to both marriage partners. The laws vary by state, but typically ...
Personal Property Family Office Definition: Personal Property Personal Property definition: Personal property includes financial accounts, patents, jewelry, art and collectibles, and household items. Download our free Family Office Report to learn more about the family office industry. Read more ...

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