Select the true statement regardinginherited or giftedreal property.

• A gift of real property still requires consideration for title to transfer.
• 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.
• Real property will escheat to the state if an owner dies intestate and a next of kin cannot be iden