Harold died in 2026 owning a vacant parcel. He left no will, had no known heirs, and after a diligent search none could be found. What is the most likely final result for the parcel?
Correct Answer
C) It may escheat to the state after probate procedures
When a person dies intestate and no heirs can be located, the property may escheat to the state. The transfer occurs by operation of law because there is no valid will and no qualifying person to inherit the parcel.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
Riparian rights concern properties bordering flowing bodies of water (rivers, streams), while littoral rights concern properties bordering non-flowing bodies of water (lakes, oceans).
The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
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A Hawaii licensee is reviewing state land use classification is tested. What is the best answer?
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- → Wisconsin adopted the Marital Property Act in 1986, creating a system similar to community property. Under this law, property acquired during marriage is generally considered:
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