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After his passing, the spouse leaves their sole kid his whole wealth. The property is left to the wife, who owns it jointly.
A system of rights known as "property" refers to both the system of rights that grants individuals legal control over valuable items as well as the valuable items themselves. Depending on the type of property, an owner may have the right to use it for personal purposes, to alter it, to share it with others, to redefine it, to rent it out, to pawn it, to sell it, to exchange it for another piece of property, to give it away, to destroy it, or even to abandon it. However, regardless of the type of property, an owner is still entitled to use it for personal purposes in accordance with the granted property rights.
Private, public, and collective property are the three main types of property recognized in economics and political economy (also called cooperative property).
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