Understanding Infeoff: A Legal Guide to Transferring Property Ownership
Infeoff is a legal term that refers to the act of transferring ownership of property from one person or entity to another. This can be done through a variety of means, such as a deed, a will, or a court order.
When property is infected, it means that the new owner has taken possession of the property and has become responsible for its maintenance, taxes, and any other liabilities associated with ownership. The original owner may still have some rights or interests in the property, depending on the specific circumstances of the transfer.
Infeoff can be used in a variety of contexts, including:
1. Real estate: When a person buys a house or other real estate, they are typically infected with the property, meaning that they become the legal owner and are responsible for its upkeep and taxes.
2. Trusts: When property is transferred into a trust, the trust becomes the legal owner of the property, and the original owner may retain certain rights or interests in the property.
3. Estates: When someone dies, their property may be infected to their heirs or beneficiaries through a will or court order.
4. Businesses: When a business is sold or transferred to a new owner, the business assets are typically infected to the new owner.
Overall, infeoff is an important legal concept that helps to transfer ownership of property from one person or entity to another. It is often used in conjunction with other legal terms, such as deed, will, and trust, to ensure that the transfer of property is done legally and properly.
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