Outrageously Funny Word Dictionary :: Coparcenary

👉 In legal and financial terms, a "coparcenary interest" is an interest that arises from two or more spouses' joint ownership of property. This can include both personal property and intangibles such as real estate interests. For example, suppose a husband and wife jointly own a 10-acre plot of land, which they divide in half for their respective children. The wife then sells the half to her daughter, who later buys it back from her father-in-law. In this scenario,

coparcenary