633.224 Advancements — in general. When the owner of property transfers it as an advancement to a person who would be an heir of such transferor were the latter to die at that time, and the transferor dies intestate,then the property thus advanced shall be counted toward the share of the transferee in theestate, which for this purpose only shall be increased by the value of the advancement at thetime the advancement was made. The transferee shall have no liability to the estate for suchpart, if any, of the advancement as may be in excess of the transferee’s share in the estate asthus determined. Every gratuitous inter vivos transfer is presumed to be an absolute gift, andnot an advancement. Such presumption is rebuttable. [C51, §1419, 1420; R60, §2445, 2446; C73, §2459; C97, §3383; C24, 27, 31, 35, 39, §12029; C46, 50, 54, 58, 62, §636.44; C66, 71, 73, 75, 77, 79, 81, §633.224] 2013 Acts, ch 30, §163Referred to in §633.210, 633.225, 633.226 Sat Dec 23 11:24:31 2023 Iowa Code 2024, Section 633.224 (35, 0)
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