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What does divided interest mean as far as property goes when a father gives two children property but he has a liftime dowery?
Wiki User
∙ 16y ago
Say that a married couple own a house together. They have what is called equal and undivided interest in the property. They each have full interest, but they can't say: "Joe owns the den and garage, and Mary owns the closets and bathrooms". They each own all of it. Divided interest is where various parts of property go to separate individuals.
Wiki User
∙ 16y ago
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