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Simple English definitions for legal terms
tangible-personal-property memorandum
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A quick definition of tangible-personal-property memorandum:
Term: Tangible-Personal-Property Memorandum
Definition: A tangible-personal-property memorandum is a handwritten or signed document that lists items of personal property that can be touched, such as jewelry, artwork, or furniture. This document also includes the names of the people who should receive the property after the owner's death. It is a separate document from the owner's will and is considered a valid testamentary disposition if referred to by the will. The abbreviation for this document is TPPM.
A more thorough explanation:
A tangible-personal-property memorandum is a document that lists items of tangible personal property, such as jewelry, artwork, or furniture, and the people who should receive them after the owner's death. This document is separate from the owner's will, but if referred to by the will, it is a valid testamentary disposition.
- A handwritten note that lists specific pieces of jewelry and who should receive them.
- A signed document that lists artwork and furniture and who should receive them.
These examples illustrate how a tangible-personal-property memorandum can be used to specify who should receive certain items of personal property after the owner's death. By creating this document, the owner can ensure that their wishes are carried out and that their personal property goes to the people they intended.