Under Intestacy Laws, If a Decedent Has No Heirs, Then

question 20

Multiple Choice

Under intestacy laws, if a decedent has no heirs, then the property of his or her estate

• A) passes to a person designated by a probate court.
• B) reverts to the state.
• C) devolves to a preselected charity.
• D) is held in trust for future beneficiaries.

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Definitions:

Car And Oil Companies

Businesses that manufacture motor vehicles and those involved in the production, refinement, and distribution of oil, respectively.

Businesses

Organizations or entities that engage in commercial, industrial, or professional activities with the aim of generating profits.

Disadvantages

The unfavorable conditions or factors that reduce the chances of success or effectiveness.

Low-Commitment Business

A business strategy or approach characterized by minimal investment in employee relations, long-term development, or stakeholder engagement.