Property OwnershipIntermediateDelaware Exam
What is 'intestate succession' in Delaware real estate?
ASimply transferring property only through a formal written will left by the deceased owner
BTransfer of property according to state law when a person dies without a valid willCorrect
CPaying estate taxes on inherited property
DContesting a will in probate court
Why Transfer of property according to state law when a person dies without a valid will Is Correct
Answer B: Transfer of property according to state law when a person dies without a valid will
Intestate succession is the process by which property passes to heirs when a person dies without a valid will. Delaware's intestacy laws determine the order and share of heirs who inherit the property.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
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