Legal Question in Wills and Trusts in New York

Re: Tangible personal property

Just the car.

Tangible personal property is a physical thing that is moveable; chair, book, horse, etc.

Cash, stocks, bonds are intangibles.

The land is real estate.

Re: Tangible personal property

This is a difficult question to answer, without actually seeing the language used. Tangible personal property traditionally means things that are personal to the decedent and would include things like furniture, furnishings (which could include art) household goods, jewelry, clothing, etc. The concept does not ususally cover things like cash, securities and the like. It could be interpreted to cover a car. Cash and securities are usually considered intangibles and not covered as personal property. Houses are real estate and not usually considered personal property, although tangible (touchable). There may some different interpretations under the various state laws. I suggest that the person making the will use more specific language to try to describe exactly what they want the person to receive, so nothing can be questioned.