Property Ownership

In New York, the term 'intestate succession' means property passes:

AAccording to the terms of the deceased's will
BAccording to the state's inheritance laws when the deceased left no valid will✓ Correct
CTo the state because no family members survived the deceased
DUnder a trust established during the deceased's lifetime

Explanation

Intestate succession is the process by which a decedent's property is distributed under state law (New York Estates, Powers and Trusts Law — EPTL) when they die without a valid will (intestate). The EPTL establishes the order of priority among surviving spouse, children, parents, and other relatives.

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