There are many ways to hold ownership of personal and real property. Explain the difference between real and personal property and give examples from your own life. Define and describe with examples what "fee simple", "joint ownership", "joint with right of survivorship", "tenancy in common", and "life estate" mean. Where do we see these terms used and what impact could they have on you? How come a few words can have wildly different results on rights of ownership? Why are remainder interests an important notion in estate planning