Under Intestacy Laws, If No Heirs Exist, Then the State

question 28

True/False

Under intestacy laws, if no heirs exist, then the state assumes ownership of the property of an estate.

---

Definitions:

Property Appraiser

A professional who assesses the value of real estate, ensuring accurate property taxation and aiding in real estate transactions.

Federal Arbitration Act

A United States law that provides the legal foundation for the enforcement of arbitration agreements and outlines arbitration procedures.

Employment Contracts

Legally binding agreements between employers and employees that outline terms of employment, duties, compensation, and termination conditions.

Circuit City v. Saint Clair Adams

A legal case that dealt with issues related to employment agreements and arbitration clauses.