How to distribute personal property to your heirs
Real property includes your assets that fall into the categories of land and buildings. Now, real property is so valuable that we keep track of it at the county level. We need that line of ownership so that people can’t just show up at court and say, “Hey, that’s mine!”
We can prove that we live here, we have a chain of title, and we cannot have our real property stolen out from under us.
Along the same lines, we must prove ownership before we are able to sell items like land and buildings in order to ensure that the next owner is legally covered and owns the property.
Accounts – think of these as bank accounts – still fall under personal property, but the difference with accounts lies in the fact that you can specifically designate who gets your accounts. You can directly designate the account to a beneficiary, the trust, or make the account owned by the trust.