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A few of these answers seem to be correct: Select the true statement regarding inherited or gifted real property. Real property may be gifted only
A few of these answers seem to be correct:
Select the true statement regardinginherited or giftedreal property.
- Real property may be gifted only if the property is valued at less than $1 million.
- If an owner dies intestate, his or her property will be divided up evenly by inheritors.
- A gift of real property still requires consideration for title to transfer.
- Real property will escheat to the state if an owner dies intestate and a next of kin cannot be identified.
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