Case study 2 Essay Example | Topics and Well Written Essays - 1000 words - 1

Case study 2 - Essay Example The act of transferring ownership to the remaining tenants is referred as the right of survivorship (Spiers 2008). Joint tenancy is restricted to a maximum of four members who are allowed to own property. In the state of North Carolina, individuals are allowed to form a joint tenancy with a right of survivorship. According to the laws associated with joint tenancy in the state of North Carolina, the title of assets passes on to the other joint members in the case of death. Bank accounts held by the joint tenants can be withdrawn by any of the joint members. In the event that one of the members dies, his or her will has no effect on the joint tenancy. The asset in the joint tenancy may be available to creditors of the other tenants. A trespasser can have ownership to land in the state of North Carolina provided he or she occupied it for a period of time. Nevertheless, adverse possession of land is a doctrine that allows individuals to own land if they had possession of the land for a certain period (Barnett 2011).   Title deeds of adverse possession depend on the different states. The period of time set by North Carolina is 20 years and the adverse possessor is expected to have full claim of the land for the period. An individual may advise Martin legally, that the piece of land obtained by Otis is legally his. Martin should take the matter to court and try battling the matter with Otis. Individuals have the right to keep intruders off their property. In the future Martin should keep off intruders by fencing the property and placing signs that warns trespassers. Legal action will be taken by the individuals who cannot keep away from the property (Barnett, 2011). It is a legal way to keep adverse possessors of the personal property and helps in avoiding adverse possession of an individual property. Martin, as a Christian, should try to know the problems affecting the son of