Old Man Smith died owning a property with an estimated value of $500,000. He never married and died without leaving a will. Smith's sister was married and had two children. What will happen to the property upon the death of Mr. Smith?

The sister's children will probably receive the property under the laws of descent.

The city will receive the property in escheat because there was no will.

No one will receive the property; the county will get it for lack of payment of taxes.

The property will be sold and the proceeds donated to local charities.