Property Ownership
In New York, 'intestate succession' for real property means the property passes according to:
AThe deceased's will
BNew York's Estates, Powers and Trusts Law (EPTL) when there is no valid will✓ Correct
CThe surviving spouse's wishes only
DThe property's assessed value
Explanation
When a New York property owner dies without a valid will (intestate), their real property passes according to the intestate succession rules in New York's Estates, Powers and Trusts Law (EPTL), which defines the order of inheritance among surviving relatives.
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