Melody Davis purchased a farm from Boyd Bishop, who was very ill. After Melody and her son Don moved into the farmhouse, Don discovered an old deed that conveyed the farm to "Boyd Bishop and his heirs forever." As Bishop had several children, Don was concerned that the children might, as heirs, have a claim to the far when Bishop died, Explain to Don what these words mean.

Company and contrast a joint tenancy, a tenancy by the entirety, and a tenancy in common.

During the past 20 years, the S corporation and the limited partnership have been used extensively in real estate syndication. More recently, the LLC has become the darling of the business association world. What factors account for this?