Which type of property is NOT included in personal property (chattels personal)?

The correct answer is that real estate holdings are not included in personal property (chattels personal). Personal property typically refers to movable items that are not permanently attached to or associated with land or buildings. This means that items like stocks, cars, and money fall under the category of personal property because they can be easily transported or changed hands.

Real estate, on the other hand, refers to immovable property, such as land and anything permanently affixed to it, like buildings and structures. Since real estate holdings involve property that is inherently fixed to a location, it is classified as real property rather than personal property. Understanding this distinction is key in real estate practices, as it affects ownership rights, taxation, and other legal implications associated with property ownership.