Strawperson

Strawperson

A strawperson is a figure not actually intended to have a truly beneficial interest in a property, who is nevertheless conveied said property in order the facilitate a more complicated transaction at law.

Under common law, a property owner cannot transfer their own property to themselves, the reality of which creates a barrier to certain forms of intended conveyances, most notably, when attempting to create a joint tenant agreement for their property between themselves and another. In order for an individual to create a Will or gift scenario, the grantor makes use of a neutral third party known as a strawperson (often a lawyer or the lawyer's secretary), who are conveyed the property and in turn this creates a second deed that creates the desired legal document conveying property to the original grantor and his/her desired joint tenant(s). This is a legal means of complying with the Four Unities Rule.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Straw man — This article is about the logical fallacy. For other uses, see Straw man (disambiguation). Man of straw redirects here. For the novel by Heinrich Mann, see Der Untertan. For the agricultural tool used to scare birds, see Scarecrow. A straw man is …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”