Standard 4: Understands what property is and how to protect that property.

Benchmarks (Grades 9-12)

bullet Understands the different classes of property
bullet Understands what real property is, including the nature and transfer or ownership and other’s rights in your land.
bullet Knows types of leases, tenants rights, how a lease can be transferred, the duty to pay rent and the lessor’s duties
bullet Understands insurance and how it works, different types of coverage, and what life insurance is.
bullet Knows how to prepare a will, how to distribute an estate and the benefits and types of trusts.